I'm loathe to attach any market moves to the US government shutdown as it was never a reason to sell and shouldn't by a reason to buy. That said, it would be nice if it ended and there was a slightly positive development that's fitting within the 'this weekend' timeline that I outlined earlier this week.
Cami Mondeaux from Deseret News reports:
I’m told plan is to keep Senate in this weekend to work on reopening government. That could always change Dems came out of their lunch appearing unified to hold strong on ACA demands for now. Few of them said they are seeing progress toward a solution
That's not much to hang a hat on but another day in stocks like today would certainly motivate all sides to compromise. On that front, the S&P 500 remains down 47 points but is more than 40 points from the session lows. All of that has come in the past two hours.
The Nasdaq is still underperforming, down 1.3% while the Russell 2000 is down 1.4%.
