Futures Rebound From Session Lows As Government Shutdown Becomes Longest Ever

The US government shutdown has become the longest in history, impacting economic data and market sentiment. Futures are mixed, recovering from earlier losses, with tech stocks underperforming. China's ban on foreign chips in state data centers adds market pressure. Commodities show signs of a rebound, while bond yields are relatively stable. Today's ADP employment data will be closely watched due to the government shutdown. Several major companies including AMD, Arista Networks, and Axon saw significant stock price movement following earnings reports. Corporate news includes settlements and lawsuits, along with disappointing results from some companies. Market analysts note increased nervousness and potential for volatility, with some anticipating a correction. Crypto markets show Bitcoin's recent price drop, signaling liquidity concerns. European markets are also down on weak tech performance, following Asian market trends.