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Stalemate Deepens as Government Shutdown Hits Historic Length

House Speaker Mike Johnson, joined at left by Rep. Andrew Garbarino, answers questions at a news conference at the Capitol on day 16 of the government shutdown.  The federal government shutdown has now stretched into its 20th day, officially becoming the third-longest in U.S. history. With no breakthrough in sight, the standoff between Democrats and Republicans continues to paralyze Washington. The Senate is scheduled to vote yet again on a funding measure, marking the 11th attempt to end the impasse. However, both sides remain entrenched: Republicans are pushing for a stopgap bill to extend funding at current levels, while Democrats insist on restoring cuts to Medicaid and securing health care subsidies before reopening the government. The shutdown, which began on October 1, has already furloughed hundreds of thousands of federal workers and disrupted key services. If it continues past October 22, it will surpass the 1995-1996 standoff to become the second-longest in U.S. histo...
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Wall Street Rallies as Earnings Season Kicks Off, Trade Tensions Ease

US stocks climbed on Monday, buoyed by a temporary pause in trade-war anxieties and optimism ahead of a packed week of corporate earnings.

  • The Dow Jones Industrial Average rose about 0.7%,
  • The S&P 500 gained 0.9%,
  • The Nasdaq Composite led the charge with a gain of more than 1%.

Investors appeared willing to set aside lingering concerns over global trade disputes and inflation data delays, instead focusing on the upcoming wave of quarterly results. Heavyweights including Tesla, Intel, Netflix, and Coca-Cola are set to report this week, with analysts watching closely for signs of resilience in consumer demand and corporate margins.

Financials also drew attention, with Zions Bancorp among the first regional banks to release third-quarter results. Market watchers say the tone of earnings season could set the stage for whether the recent rally has staying power.

For now, Wall Street is breathing easier, with the easing of trade tensions offering a welcome backdrop to what promises to be a pivotal week for investors.


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