"For weeks, the government shutdown created a good deal of uncertainty. Today, though, markets are rocketing on news that the government shutdown may soon be over. The S&P 500 is up 62 points. The SPDR S&P 500 ETF ( SPY) is up $6.17 a share. The Dow is up about 173, as the tech-heavy NASDAQ rallies 370 points. In the latest agreement, some Democrats and Republicans finally reached a vote of 60 to 40 to advance the vote to the next stage."
"Airline Stocks are Flying on Hopes the Shutdown is Over Airline stocks were under pressure after the Federal Aviation Administration (FAA) announced flight reductions at 40 major airports thanks to the shutdown. As a result, millions were "slightly" ticked off. However, with news now surfacing that the shutdown may be nearing an end, we're starting to see rebounds in oversold airline stocks, such as Delta ( NYSE: DAL), American Airlines ( NASDAQ: AAL), JetBlue Airways ( NASDAQ: JBLU), and United Airlines ( NASDAQ: UAL)."
Progress toward ending the federal government shutdown sent markets sharply higher, with the S&P 500, SPY, Dow, and NASDAQ all registering significant gains. Lawmakers reached a 60-40 vote to advance a funding measure that would finance the government through Jan. 30, fully fund SNAP, and reverse attempted federal worker layoffs while omitting an extension of expiring ACA subsidies. Airline shares rebounded after prior FAA-mandated flight reductions, lifting carriers such as Delta, American, JetBlue, and United. Citi reiterated a buy on Nvidia, raising its price target to $220, forecasting $56.8 billion in sales and expanding the 2028 data-center semiconductors TAM to $654 billion.
Read at 24/7 Wall St.
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