Potential government shutdown not doing much to rattle market
2018-01-19 10:04:10
Stock futures were a bit above fair value through most of the early session, leading to a positive start for the market, which is again showing its resilience amid the possibility of a government shutdown tonight. Investors seem more concerned about the earnings season, as next week many of the country's largest corporations report their results. The just-released reading from the University of Michigan on consumer confidence came in at 94.4, which was below the 97.0 that was projected in the preliminary January look. About 30 minutes into trading, the Dow is down 17 points, the Nasdaq is…
Stock futures were a bit above fair value through most of the early session, leading to a positive start for the market, which is again showing its resilience amid the possibility of a government shutdown tonight. Investors seem more concerned about the earnings season, as next week many of the country's largest corporations report their results. The just-released reading from the University of Michigan on consumer confidence came in at 94.4, which was below the 97.0 that was projected in the preliminary January look. About 30 minutes into trading, the Dow is down 17 points, the Nasdaq is up 10 points and the S&P is up 4 points.