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Stocks Down Pre-Bell as Investors Assess Fallout of Record Government Shutdown
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Stocks Down Pre-Bell as Investors Assess Fallout of Record Government Shutdown
Nov 13, 2025 4:50 AM

07:18 AM EST, 11/13/2025 (MT Newswires) -- US equity markets were pointing lower before the opening bell Thursday as investors assessed the ending of the longest running federal government shutdown and what impact it will have on the world's largest economy.

The S&P 500 and the Nasdaq decreased 0.2% each in premarket activity, while the Dow Jones Industrial Average edged down 0.1%. The Dow closed Wednesday with a new all-time peak, while the S&P 500 extended gains for the fourth consecutive session. The Nasdaq finished in the red for the second straight day.

On Wednesday, President Donald Trump signed legislation to end the longest government shutdown in US history, restoring funding after a 43-day lapse that idled federal workers and delayed the release of key economic data. Earlier in the day, the US House of Representatives voted 222-209 to fund the federal government through the end of January.

Federal agencies and workers will now work through a backlog of data releases, although the full restoration of government operations may take several days, according to several media reports. White House Press Secretary Karoline Leavitt reportedly said Wednesday that the October consumer price index and jobs reports may not be released.

The consumer inflation report and the weekly jobless claims bulletin were originally scheduled for Thursday, while the producer price and retail sales reports, both for last month, were initially due Friday.

"A handful of reports may be released relatively quickly, but based on past shutdowns, it may take months for the statistical agencies to fully catch up," Oxford Economics said in remarks emailed to MT Newswires on Wednesday.

Treasury yields were trending higher in premarket action, with the two-year rate rising 2.7 basis points to 3.59% and the 10-year rate adding 1.7 basis points to nearly 4.1%.

The Federal Reserve should keep its monetary policy steady until there's "clear evidence" that inflation is approaching the central bank's 2% goal, Atlanta Fed President Raphael Bostic said Wednesday. Bostic, who also said he would retire at the end of his term Feb. 28, said that labor market signals are not "clear enough to warrant an aggressive monetary policy response," especially amid persistent inflationary pressures.

St. Louis Fed President Alberto Musalem is slated to speak at 12:15 pm, while Cleveland Fed President Beth Hammack speaks at 12:20 pm.

Media and entertainment giant Walt Disney ( DIS ) reported mixed financial results before the bell, with shares down 3% pre-bell. Applied Materials ( AMAT ) posts earnings after the markets close.

Shares of Cisco Systems ( CSCO ) climbed 6.7% pre-bell as the networking equipment maker reported fiscal first-quarter results above market estimates. The US-listed stock of JD.com ( JD ) and Bilibili ( BILI ) were up 0.6% and 2.7%, respectively, after the Chinese companies reported their quarterly earnings.

West Texas Intermediate crude oil inclined 0.5% to $58.83 a barrel before the open. The weekly EIA domestic petroleum inventories report is out later. Gold nudged up 0.3% to $4,227 per troy ounce, while bitcoin gained 1.3% to $102,915.

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