How Does a Government Shutdown Impact Markets?

The federal government ran out of money Friday night after the Senate failed to agree to a funding proposal to keep it operating. After having already approved four short-term funding agreements this fiscal year, a fifth proved to be insurmountable. As the deadline approached on Friday, investors were unfazed, and the S&P 500 rose steadily into the close to post a 0.4 percent gain on the day.

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