"It's finally, officially, over. On Wednesday, Nov. 12, the U.S. House of Representatives voted to end the longest (43 days) U.S. government shutdown in history by a vote of 222-to-209, echoing the verdict of the U.S. Senate that voted 60-to-40 on Monday to do the same thing. When President Trump signed off on the law late Wednesday evening, the shutdown ended."
"And now the Vanguard S&P 500 ETF ( NYSEMKT: VOO) is tumbling 0.3% premarket. Crazy, right? Government employees are back at work this Thursday morning, and will receive back-pay for their six weeks off-work. SNAP benefits are starting back up. Airport snarls are starting to unsnarl, and... investors are unhappy. It's almost like the old investing adage "buy the rumor, sell the news" actually works in practice."
"S&P 500 component company Cisco Systems ( Nasdaq: CSCO) beat earnings by a couple of cents last night, reporting a fiscal Q1 2026 profit of $1 a share. Revenue also beat at $14.9 billion, and Cisco wrapped up by raising guidance. For Q2, the networking equipment provider says it will earn between $1.01 and $1.03 per share, better than Wall Street's $0.99 forecast, with revenue between $15 billion and 15.2 billion."
The U.S. government shutdown ended after House and Senate votes and the President's signature, concluding a 43-day closure. Government employees returned to work and will receive back pay, SNAP benefits resumed, and airport disruptions began easing. Markets reacted negatively with the Vanguard S&P 500 ETF slipping in premarket trading despite the shutdown's resolution. Cisco reported a modest earnings beat, raised guidance, and forecasted stronger Q2 revenue and earnings, lifting its stock. Disney posted an earnings beat but missed revenue expectations and projected double-digit adjusted EPS growth and about $10 billion in free cash flow for fiscal 2026.
Read at 24/7 Wall St.
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