Stock futures were mostly unchanged Sunday night as the U.S. government remained shut down. This comes after a week where the stock market reached record highs.
Stock futures show slight increase
Dow Jones Industrial Average futures increased by 37 points, or 0.1%. Both S&P 500 and Nasdaq-100 futures also rose by 0.1%.
In the previous week, the S&P 500 rose 1.1%, while the Nasdaq Composite increased by 1.3%. The Dow gained 1.1% for the third time in four weeks.
Investors remain optimistic despite shutdown
Investors have largely ignored concerns about the government shutdown. Lawmakers have not reached an agreement to continue funding, delaying the release of important economic data, including the September jobs report.
Tom Lee, head of research at Fundstrat, believes stock performance will remain strong from October to December. He predicts the S&P 500 could reach at least 7,000 by year-end.
Federal Reserve officials speaking this week
This week, several Federal Reserve representatives, including Fed Governor Stephen Miran and Chair Jerome Powell, are scheduled to speak.
Despite the lack of data, analysts suggest it may be an opportunity to “buy the dip” if stocks weaken.
