Equity futures remained relatively unchanged on the New York Stock Exchange on Monday morning after U.S. lawmakers narrowly avoided a government shutdown. Members of Congress reached a U.S. government funding deal on Saturday just 45 minutes before the midnight deadline.
Futures on the S&P 500 and the Dow Jones Industrial Average spent the early session hovering around the flatline, while those on the tech-heavy Nasdaq 100 gained 0.17%. While investors found relief in the agreement to extend budget talks, they will remain wary of the Federal Reserve’s intention to keep interest rates higher for longer.
In order to develop a clearer picture of the central bank’s monetary policy fight to bring down inflation, investors are keeping an eye out for the key economic data set to be released this week. The September U.S. jobs report is due to be released on Friday.