House Set to End 42-Day Shutdown
Tech wobbled as AI names slid, while Congress moved to end a 42-day shutdown. Trump’s CEO dinner drew focus; traders eye today’s Jefferies summit and FATE expo.
TL;DR:
- 🏛️ House moves to end shutdown
- 💻 Tech slides on CoreWeave, SoftBank news
- 🍽️ Trump hosts Wall Street CEOs
- 📅 Today: Jefferies summit, FATE expo
House Moves to End Shutdown
The House of Representatives is expected to restore funding and conclude a 42-day U.S. government shutdown, easing a key macro overhang. Traders are preparing for delayed data releases to restart, which could reset rate and growth narratives. Positioning stays cautious into the vote outcome and any fiscal follow-through. Source
Tech Slides on CoreWeave, SoftBank Shock
The Nasdaq lagged after CoreWeave fell roughly 16% and SoftBank disclosed a $5.8 billion divestment from Nvidia. AI-related names and semiconductor proxies underperformed as investors trimmed exposure to crowded trades. Volatility rose across growth cohorts, with selective dip-buying into the close. Source
Trump Hosts Wall Street CEOs
President Donald Trump is set to dine with top Wall Street leaders, including the CEOs of Nasdaq and JPMorgan Chase. Markets will parse any remarks on regulation, listings, and tax policy for near-term read-throughs in financials and capital markets activity. Headline risk is elevated into and after the event. Source
Today: Jefferies Summit, FATE Expo
Jefferies hosts its Future of Work Summit in New York, spotlighting labor, AI adoption, and productivity themes that could influence enterprise spend and HR tech valuations. The Finance and Accounting Technology Expo continues at the Javits Center, offering keynotes and networking across back-office automation and software vendors. Jefferies FATE