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U.S. futures fell sharply after Congress managed to avoid a government shutdown with difficulty.

U.S. futures fell sharply after Congress managed to avoid a government shutdown with difficulty.

By م.زهير الشاعر

Published: October 2, 2023

Wall Street retreated modestly early on Monday after Congress narrowly avoided a government shutdown with a last-minute deal over the weekend.

Futures for the S&P 500 and the Dow Jones Industrial Average fell about 0.2% before the opening bell on Monday.

The U.S. stock indices showed mixed performance at the start of the week as follows:

The Dow Jones Industrial Average dipped by 17 points or 0.05% to around 33,490 points.
The S&P index rose by 0.03% to around 4,289 points.
The Nasdaq Composite recorded an increase of approximately 43 points, settling at 13,262.12 points.
Notably, U.S. stocks closed last week’s trading session with slight variability across all indices after data released on Friday showed that the preferred inflation index of the Federal Reserve in the U.S. rose at a slower pace than expected in August, partly due to rising gasoline prices.

The Nasdaq 100 index wrapped up trading at 14,715.24 points, representing a slight increase of 0.08%, while the S&P 500 ended the session down 0.27% near 4,288.05 points, and the Dow Jones Industrial Average recorded a drop of about 0.47% to reach 33,507.50 points.

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