Futures linked to the Dow Jones show a 0.31% advance, as strong overseas market performance lifts sentiment. Dow futures live traders are eyeing export-heavy firms for further gains. The subsidies are due to expire at the end of the year. Democrats are pressing Republicans, who hold narrow majorities in the House and Senate, to codify an extension of the credits into legislation to keep the government from shutting down starting Wednesday. Investors have been overlooking anxieties surrounding the government shutdown, which entered its third day Friday. While the stoppage has exacerbated underlying concerns this year about macroeconomic and policy headwinds, inflation risks and a slowing labor market, investors expect it to be short-lived, thereby limiting potential hits to the U.S. economy. Those on Wall Street also believe that the shutdown won't stop the momentum in the artificial intelligence trade. Shutdowns have not been market-moving events in the past. Positive momentum marks Dow futures live today, up 0.36%, as risk appetite grows on optimism over U.S.-China trade talks. Traders view resistance near the 40,000 level as a critical breakout point.
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