US stocks trade mixed as government shutdown stretches into 3rd day
Major US equity indices kicked off the week on a defensive note as a partial US government shutdown stretched in the third day.
The Senate is again set to vote on Monday on a bill to reopen the government and keep it funded through Feb. 8, though it's unclear if the plan would have enough support to advance.
Meanwhile, investors are aware that the economic implication of the shutdown is likely to be limited, which along with the recent upbeat quarterly earnings report might limit any heavy selling, at least for the time being.
During the opening hour of trade, the Dow Jones Industrial Average retreated over 30-points to 26,040, while the broader S&P 500 Index held in break-even territory. Meanwhile, tech-heavy Nasdaq Composite Index added around 10-points and carved out a fresh intraday record at 7,346.