U.S. Government Shutdown Enters Third Day – Dow Futures Slightly Lower
Jan, 22nd 16:04
On Wall Street, U.S. stock futures pointed to a slightly lower open, as investors kept an eye on political developments in the U.S. regarding the government shutdown.
Thousands of Federal workers will wake up today morning with the U.S. government still shut down and the Senate expected to try again to restore federal funding, if only temporarily, and work on resolving a dispute over immigration. Amid uncertainty about whether federal employees should report to work in the morning, senators were set to vote at midday on a funding bill to get the lights back on in Washington and across the government until early February.
Funding for federal agencies officially ran out at midnight on Friday. This is the first U.S. government shutdown since 2013. In 2013, the government was shut down for 16 days.
Senate Majority Leader Mitch McConnell said on Sunday that an overnight vote on a measure to fund government operations through Feb. 8 was canceled and would instead be held at 12 p.m. (1700 GMT) on Monday.
The shutdown could sideline significant numbers of federal employees and government contractors and potentially dampen quarterly growth figures.
On the technical charts, DJI closed positive on Friday. The RSI is placed at 83.52 and the MACD is above the signal line. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day).
Buy digital Put options between 25976 and 25945, valid until 23:00 GMT January 22