The S&P 500 rose slightly on Tuesday as Wall Street looked for more developments out of Washington on the current U.S. government shutdown that is now in its second week.
The broad market index climbed 0.1%, while the Nasdaq Composite gained 0.2%. The Dow Jones Industrial Average traded around the flatline.
Hopes that the government would reopen on Monday were dashed after the Senate for a fifth time failed to pass a House bill that would have funded the government through Nov. 21. The chamber voted mostly along party lines. At least eight Democrats need to join Republicans to meet the 60-vote necessary for advancing the legislation.
President Donald Trump once again blamed Democrats for the shutdown in a Truth Social post Monday evening, in which he wrote that he's "happy to work with the Democrats on their Failed Healthcare Policies, or anything else, but first they must allow our Government to re-open." The president had earlier that day suggested that talks with Democrats, who have demanded that any stopgap funding measure should include an extension of enhanced Obamacare tax credits, were taking place and paying off.
Source : CNBC
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