Nasdaq Futures

Nasdaq futures experienced a slight decline on Thursday following President Donald Trump’s signing of a funding bill aimed at concluding the longest federal shutdown in U.S. history. Futures linked to the Dow Jones Industrial Average declined by 0.1% following the blue-chip index reaching an intraday peak and closing above 48,000 for the first time on Wednesday. Entities associated with the tech-centric Nasdaq and the benchmark S&P 500 experienced a decline of 0.1% as well. On Wednesday evening, the House of Representatives approved legislation to finance the federal government through January 30, effectively concluding the unprecedented 43-day shutdown, which was subsequently enacted into law by President Trump, resulting in postponed paychecks for federal employees, impeded disbursement of food assistance, disrupted flight schedules, interruptions in essential economic statistics, and eroded consumer confidence.

The yield on the 10-year Treasury note increased to 4.09% from 4.07% at Wednesday’s close. Bitcoin was trading at approximately $103,200, having risen from the day’s low below $102,000. The U.S. dollar index, which monitors the dollar’s performance relative to a selection of foreign currencies, decreased by 0.3% to 99.24. Gold futures increased by 0.7%, reaching a price of $4,245 per ounce, while WTI crude futures, the U.S. oil benchmark, increased by 0.7% to $58.90 per barrel.

In post-earnings moves, Cisco Systems stock surged 7.5% in premarket trading after the network-equipment firm lifted its full-year profit outlook. Shares of The Walt Disney Co. fell 3.5% after the media and entertainment giant reported worse-than-expected revenue amid continued linear TV declines. Flutter Entertainment stock declined 2.7% after the FanDuel parent cut its full-year revenue and adjusted EBITDA forecasts. Shares of chipmaking-equipment maker Applied Materials and Brazilian meatpacking giant JBS, both set to report quarterly results after markets close today, were down 0.5% and up fractionally, respectively, before the bell.

Elsewhere, Sealed Air shares soared more than 20% following a report that the maker of Bubble Wrap and other packaging products was in talks with private-equity firm Clayton Dubilier & Rice to be taken private, while Starbucks stock ticked lower after the Starbucks Workers United launched a strike on the coffee chain’s Red Cup Day sales event.