On Friday, futures exhibited minimal movement, following a decline in both the S&P 500 and the Nasdaq Composite the previous day, as they pulled back slightly from their record peaks. S&P 500 futures and Nasdaq 100 futures each experienced an increase of 0.1%, while futures associated with the Dow Jones Industrial Average gained 48 points, also reflecting a rise of 0.1%. The U.S. government shutdown extended into its 10th day on Friday, following the Senate’s unsuccessful seventh attempt to advance competing stop-gap funding proposals aimed at resolving the impasse.

Currently, there are no indications that Republicans and Democrats have achieved significant advancements in their negotiations. The ongoing stalemate has left investors grappling for catalysts, primarily due to the absence of economic data from the U.S. government. Earnings reports on Thursday from companies such as Delta Air Lines and PepsiCo were positive and provided some insight into consumer demand. However, they failed to provide sufficient support for a rally in stocks on Thursday.

Nonetheless, both the S&P 500 and the Nasdaq may achieve modest weekly gains of 0.3% and 1.1%, respectively. The 30-stock Dow, however, is on track for a decline of 0.9%. Declines in the Dow would be steeper were it not for Nvidia regaining some momentum this week. Following CEO Jensen Huang’s statement that computing demand has “gone up substantially” this year, the stock has experienced a resurgence in momentum. Equities have recorded a 2.6% increase thus far this week. “Markets are attempting to find equilibrium amid uncertainty due to the government shutdown,” Tom Lee remarked Thursday.

However, earnings season is poised to commence in earnest next week, with several banks, including Citigroup and JPMorgan, scheduled to release their third-quarter results. The release of data pertaining to U.S. consumer sentiment is set for Friday morning at 10 am.