US stocks move higher at the open as US government avoids a shutdown.

The major US stock indices are bouncing to the upside, erasing some of the declines for the week. The Dems are giving in and will support the government funding bill avoiding a shutdown this weekend.

Yesterday the S&P officially entered into corrective territory (falling over 10% from its high). The NASDAQ index has seen declines of over 14% from its high at session lows.

The major indices today are retracing some of the declines for the week with the major indices higher at the open. A snapshot of the market currently shows:

• Dow industrial average up to 27.53 points or 0.56% at 41041.10
• S&P index up 66.50 points or 1.20% at 5588.02.
• NASDAQ index up 332.76 points or 1.92% at 17635.78.
• Russell 2000 up 26.44 points or 1.33% at 2020.13.

For the trading week:

• Dow industrial average is still down -4.09% – it’s worse week since March 2023.
• S&P index is down -3.18%
• NASDAQ index is down -3.26%

Looking at some of the biggest individual losers this week:

• American Airlines: -18.04%
• Raytheon: -17.17%
• Delta Air Lines: -15.90%
• Robinhood Markets: -15.44%
• United Airlines Holdings: -14.80%
• Adobe: -14.23%
• Aspen Aerogels Inc: -12.83%
• Trump Media & Technology Group: -11.51%
• Snap: -11.42%
• Apple: -11.08%

This article was written by Greg Michalowski at www.forexlive.com.