Global Markets Rise as US Government Reopens
The 43-day shutdown concluded when US President Donald Trump signed a temporary budget measure approved by Congress to resume federal operations. During the shutdown, Trump accused Democrats of attempting to “extort American taxpayers” and cautioned voters not to “forget this” in the upcoming midterm elections.
On Wall Street, the S&P 500 index inched up 0.06%, while the Dow Jones Industrial Average climbed 0.68%, closing at a record level.
Conversely, the Nasdaq composite dipped 0.26%. US index futures opened higher on Thursday in response to the government’s reopening.
Meanwhile, the yield on 10-year US Treasury notes, which dropped to 4.06% on Wednesday, stabilized around 4.09%. The dollar index increased 0.1% to 99.5, breaking a four-day losing streak.
In commodities, gold extended its rally for a fifth consecutive session, gaining 0.3% to reach $4,208 an ounce. Brent crude, however, slipped slightly by 0.1% to $62.50 per barrel.
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