1. U.S. government shutdown averted: Lawmakers reached an agreement on a key spending bill late Sunday, avoiding the possibility of a government shutdown. If approved by the House and Senate the bill would fund the government through the end of September, senior aides from both parties told CNN.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +35.00 | | +14.25 | | +4.75 | | +0.17% | | +0.26% | | +0.20% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +113.78 | | +2.47 | | -33.23 | | 19,310.52 | | 3,154.66 | | 7,203.94 | | +0.59% | | +0.08% | | -0.46% | | | |
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| Key Stats | Latest | Today's Change | | | Oil | $49.17 | -0.16 / -0.32% | | | Gold | $1,263.90 | -4.40 / -0.35% | | | 10-yr | 2.28% | -0.01 / -0.61% | | | Euro | $1.09 | +0.00 / +0.02% | | | |
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| News: What you need to know about the markets | | | | | | | Government shutdown averted; Netflix leak; Trump's first 100 days | By Ivana Kottasová
Monday, May 1st, 4:48am | | | | 1. U.S. government shutdown averted: Lawmakers reached an agreement on a key spending bill late Sunday, avoiding the possibility of a government shutdown. | | | | If approved by the House and Senate the bill would fund the government through the end of September, senior aides from both parties told CNN. | | | | Votes in both chambers are expected by the end of the week. | | | | 2. 100 days of Trump: President Trump passed the symbolic first 100 days mark on Saturday. | | | | His first major economic report was a disappointment, however. On Friday, data showed that U.S. GDP grew by its slowest pace in three years during the first quarter. | | | | The stock market offers a more optimistic picture. The S&P 500 has rallied 11.6% between Trump's election victory and Friday. That's the second-best opening performance for a president since an 18% surge under President Kennedy in 1961. | | | | Trump hasn't scored any major legislative victories, but he does have one big win: The confirmation of Neil Gorsuch to the Supreme Court. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 3. Global market overview: U.S. stock futures were higher early on Monday. | | | | Most European and Asian markets were closed for a holiday on Monday. Japan's Nikkei, one of the few global markets trading, finished its session higher. | | | | The Dow Jones industrial average closed 0.2% lower Friday, while the S&P 500 shed 0.2% and the Nasdaq finished flat. | | | | 4. Stock market movers -- Netflix: Shares in Netflix were lower in premarket trading Monday after a hacker said he stole and leaked episodes of the company's hit series "Orange is the New Black." | | | | Netflix said it had ignored a request for ransom money. The company said that "the appropriate law enforcement authorities are involved" in the situation. | | | | "Orange is the New Black" is one of the streaming company's marquee franchises. | | | | 5. Economics: U.S. personal spending and consumption data will be published at 8:30 a.m. ET. | | | | At 10 a.m., the Institute for Supply Management's April manufacturing gauge is scheduled for release. Investors will be looking for signs of a Trump bump. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Monday -- U.S. personal spending report
Tuesday -- U.S. Federal Reserve begins two-day meeting; Apple, Aetna, BP, MasterCard earnings
Wednesday -- Fed rates decision; Facebook, Tesla, Fitbit earnings, U.S. crude inventories data
Thursday -- CBS earnings, U.S. trade balance data
Friday -- U.S. jobs report for April
Saturday -- Berkshire Hathaway annual shareholder meeting | | | | | | | |
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