According to Reuters, the Senate approved a bill for temporary government funding until January 30, 2026, with 60 senators voting in favor — nearly all Republicans and eight Democrats. The measure also restores payments to thousands of federal employees sent on unpaid leave. The bill must still be approved by the House of Representatives and signed by President Donald Trump. White House National Economic Council Director Kevin Hassett previously warned that a prolonged shutdown could result in mass layoffs and weekly economic losses of around $15 billion.
Today, market participants are focused on quarterly earnings from network equipment maker Cisco Inc., which is expected to report revenue of $14.77 billion, up from $14.67 billion in the previous quarter and $13.8 billion a year earlier, with earnings per share likely at $0.98 versus $0.91 last year.
The bond market remains stable: the yield on 10-year Treasuries has edged higher from 4.096% to 4.116%, on 20-year bonds from 4.664% to 4.689%, and on 30-year bonds from 4.687% to 4.712%.
Among the S&P 500 leaders are Palantir Technologies Inc. (+8.81%), Enphase Energy Inc. (+8.67%), Western Digital Corp. (+6.91%), and Albemarle Corp. (+6.59%). The biggest decliners include Centre Corp. (–8.81%), Molina Healthcare Inc. (–7.34%), and Humana Inc. (–5.40%).
Support and Resistance Levels
The index continues to move within an upward trend on the daily chart, attempting to form a new bullish wave inside a channel with boundaries between 7100.0 and 6700.0.
Technical indicators maintain a stable buy signal, though slightly weaker amid local correction: the fast EMAs on the Alligator indicator remain above the signal line, while the AO histogram forms corrective bars within the buy zone.
Support levels: 6700.0, 6360.0.
Resistance levels: 6920.0, 7170.0.
Trading Scenarios and S&P 500 Forecast
If the index continues to rise and consolidates above 6920.0, long positions become relevant with a target of 7170.0 and a stop loss at 6850.0. Timeframe: 7 days or more.
If the price declines and fixes below 6700.0, short positions with a target at 6360.0 and a stop loss at 6800.0 are recommended.