Dow Jones & Nasdaq 100 Futures Climb as Government Reopens

US stock futures posted gains in the Asian session on Thursday, November 13. The Dow Jones was eyeing a four-day winning streak after striking a record high in the previous session.

Market optimism over the House passing a funding bill to reopen the US government lifted sentiment in overnight trading. Sentiment improved further on November 13, as the House approved the bill, ending uncertainty over the shutdown.

The US government shutdown entered its 43rd day on Wednesday, November 12, clouding the US economic outlook.

House Passes Funding Bill

The House voted 229-209, passing the Senate’s funding bill in the early hours of the Asian session on Thursday, November 13. According to media reports, President Trump did not waste time in signing the bill, ending a record 43-day shutdown. The Kobeissi Letter reported:

“President Trump has officially signed a bill ending the US government shutdown. The record-setting 43-day government shutdown is over.”

US Treasury Secretary Scott Bessent downplayed concerns over the shutdown impacting the US economy, stating:

“The economy is thriving with 3.8% growth, and we’re on track to accelerate even further into 2026.”

Economists had previously stated that the prolonged shutdown could adversely affect the economy. Michael Feroli, a JPMorgan economist, recently stated:

‘Each week, a shutdown subtracts about 0.1% from annualized GDP growth via reduced government activity. There could be a sentiment channel as well if the duration of the shutdown enters uncharted territory.”

Traders will now wait for crucial inflation and labor market data to assess the timeline for a Fed rate cut and fallout from the shutdown.

US Stock Futures: Fed Speakers and Earnings in Focus

Futures extended gains during Thursday’s Asian session. The Dow Jones E-mini climbed 71 points, the Nasdaq 100 E-mini gained 26 points, while the S&P 500 E-mini advanced 3 points.

Later on Thursday, US inflation figures will come under market scrutiny amid concerns over stagflation. Economists forecast headline and underlying inflation to remain at 3% in October. In line with, or hotter-than-expected, numbers will likely temper bets on a December Fed rate cut. A less dovish Fed rate path could fuel stagflation fears and weigh on US stock futures.

Beyond the inflation data, traders should also monitor FOMC members’ speeches. Insights into the potential economic fallout from the shutdown, inflation, and the labor market will influence sentiment.

Meanwhile, corporate earnings will also be in focus, with The Walt Disney Company (DIS) among the key names to watch.

Key Technical Levels for Dow Jones, Nasdaq 100, and S&P 500

US stock futures have pulled further away from key technical levels, signaling bullish momentum.

Near-term trends will hinge on incoming US data, Fed commentary, and earnings. Key levels to monitor include:

Dow Jones

• Resistance: the November 12 record high of 48,528.
• Support: 48,000, 47,500, 47,000, and the 50-day EMA (46,780).

Nasdaq 100

• Resistance: 25,750, 26,000, then October 30 record high of 26,399.
• Support: 25,500, 25,250, then 50-day EMA (25,016).

S&P 500

• Resistance: October 30 record high of 6,954, then 7,000.
• Support: the 50-day EMA (6,724) and 6,500.

Market Outlook: US Data Looms

US economic data and Fed speakers could trigger market volatility as the dust settles from the shutdown.

Meanwhile, the Supreme Court’s review of the legality of Trump’s tariffs and corporate earnings will also require consideration.

Given these driving market forces, US stock futures could face a choppy end to the week.

Follow our live coverage and consult the economic calendar for real-time market updates.