U.S. Stock Futures Climb After Government Shutdown Averted

U.S. Stock Futures Climb After Government Shutdown Averted

Hopes of ‘Santa rally’ looked to be alive again on Monday. An agreement to avoid a federal-government shutdown was adding to positivity over the latest inflation data.

Dow Jones Industrial Average futures were up 115 points, or 0.3%. S&P 500 futures were climbing 0.4% and Nasdaq 100 futures were gaining 0.7%.

A stopgap funding measure for the federal government was approved before the midnight Saturday deadline, avoiding a potentially harmful shutdown. That came on top of fresh data Friday showing U.S. inflation in November, as measured by personal-consumption-expenditures price index, rose slightly less than Wall Street expected.