Partial Government Shutdown Ends as US Equity Futures Tread Water Pre-Bell

MT Newswires Live02-04 21:30

US equity futures were little changed pre-bell Wednesday, stabilizing after a breakthrough in the government funding impasse.

Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.2% lower.

On Tuesday, President Donald Trump signed a $1.2 trillion funding package for the federal government, ending a partial shutdown that began over the weekend.

Alphabet (GOOG, GOOGL) is scheduled to report earnings after the closing bell.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.3% at $67.52 per barrel and US West Texas Intermediate crude 0.4% higher at $63.45 per barrel.

ADP's monthly measure of private payrolls showed a 22,000 increase in January, below expectations compiled by Bloomberg for an increase of 45,000. The January gain followed a downwardly revised 37,000 jobs increase in December.

The Institute for Supply Management's January services index, due at 10 am ET, is seen coming in at 53.5 versus 54.4 previously.

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