Nasdaq, Dow, and S&P 500 are all up as threat of government shutdown looms

"Futures for the S&P 500 rose 0.5% before the bell, while futures for the Dow Jones Industrial Average rose 0.4%. Nasdaq futures climbed 0.6%.Prospects for a last-minute compromise between Republicans and Democrats appear rather bleak, with government funding set to run out Wednesday. Such political impasses have had limited impact on the market before, though a shutdown could delay the release of government data that traders, economists and the Federal Reserve rely on for clues about how the U.S. economy is faring."

"The Federal Reserve cut its benchmark lending rate earlier this month largely due to concern about a cooling labor market, though officials are still paying close attention to inflation, which has remained above the U.S. central bank's 2% target.On Friday, stocks got some help from the report showing inflation in the United States accelerated to 2.7% last month from 2.6% in July, offering some hope that the Fed could continue cutting interest rates in order to give the economy a boost."

U.S. equity futures rose Monday, with the S&P 500 up 0.5%, Dow futures up 0.4% and Nasdaq futures up 0.6% ahead of the trading day. Government funding is set to expire Wednesday amid slim prospects for a bipartisan funding deal, raising concern that a shutdown could delay release of government economic data relied upon by traders, economists and the Federal Reserve. A comprehensive September jobs report is scheduled for release Friday. The Federal Reserve recently cut its benchmark rate amid cooling labor market concerns, while inflation accelerated to 2.7% in August. Newly announced tariffs and corporate moves at GSK and Electronic Arts also influenced markets.

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