Investing.com – Wall Street was mixed on Monday as the U.S. enters its third day of a government shutdown.
The S&P 500 rose two and a half points or 0.09% to 2,812.72 as of 10:06 AM ET (15:06 GMT) while the Dow composite decreased 20 points or 0.08% to 26,050.81, and tech heavy NASDAQ Composite was up nine and a half points or 0.13% to 7,345.89.
The U.S. government shutdown was in its third day after Democrats and Republicans failed to reconcile their differences over immigration legislation and pass a spending bill on Friday.
The Senate is expected to vote on a funding bill at 12:00 PM ET (17:00 GMT) on Monday that would restore funding on a temporary basis but it is uncertain if they have enough votes to pass the measure. It’s the first time the government has shutdown since 2013, when the public sector was closed for 16 days.
Technology stocks were mixed, with Twitter Inc (NYSE:TWTR) falling 1.39% and Apple (NASDAQ:AAPL) inching down 0.47%. Airplane maker Boeing (NYSE:BA) was down 0.78% while pharmaceutical firm Celgene (NASDAQ:CELG) slumped 1.29% amid news that it was buying Juno Therapeutic (NASDAQ:JUNO) for $9 billion. Juno skyrocketed 26.96%.
Meanwhile Netflix (NASDAQ:NFLX) surged 1.75%. The streaming website is expected to release its earnings results after markets close. Oil firm Halliburton (NYSE:HAL) 3.13% after its earnings came in higher than expected and Intel (NASDAQ:INTC) rose 0.93% while payments processors Square Inc (NYSE:SQ) gained 2.07%.
In Europe stocks were mostly up. In Germany the DAX rose 32 points or 0.24% while France’s CAC 40 increased 13 points or 0.25% and in London the FTSE 100 lost six points or 0.08%. Meanwhile Spain’s IBEX 35 was up 110 points or 1.05% and the pan-European Euro Stoxx 50 jumped just over 14 points or 0.40%.
In commodities, gold futures were down 0.07% to $1,332.20 a troy ounce while crude oil futures fell 0.06% to $63.27 a barrel. The U.S dollar index, which measures the greenback against a basket of six major currencies, slumped 0.21% to 90.30.