U.S. futures falter after government shutdown averted - what's moving markets

investing.com:

Investing.com -- Futures faltered on Monday, paring back some earlier gains, after last-minute negotiations between lawmakers on Capitol Hill over the weekend led to a surprise short-term funding deal that averted a U.S. government shutdown. Elsewhere, UAW workers and Mack Trucks forge an agreement to avoid a strike, while the World Bank cuts its growth forecast for China's economy next year.

1. Futures waver after government shutdown avoided

U.S. stock futures hovered around the flatline on Monday as investors poured over an eleventh-hour deal to prevent a U.S. government shutdown over the weekend and looked ahead to fresh economic data this week.

At 06:47 ET (10:47 GMT), the Dow futures contract had dipped 20 points or 0.1%, S&P 500 futures were mostly unchanged, and Nasdaq 100 futures rose by 26 points or 0.2%.

The main indices were mixed in the final day of September trading on Friday, although all three slipped on a monthly basis. The S&P 500 and Nasdaq Composite in particular dropped to their worst month of 2023 so far.

However, the indices are up for the year, highlighting the strength of a rally several months ago that was driven by soaring enthusiasm for generative artificial intelligence.

Traders will be keeping an eye on new economic numbers on both manufacturing activity and construction spending due out on Monday, as markets continue to track the development of the U.S. economy and gauge the potential path ahead for Federal Reserve monetary policy.

2. Biden pledges Ukraine backing after shutdown averted

U.S. President Joe Biden has vowed not to «walk away» from Ukraine after a plan to provide $6 billion in fresh aid to the country was scuppered by lawmakers to avert a government shutdown.

The broadly