Back to business
Investors and traders at the Chicago Board Options Exchange cheered the end of the government shutdown Thursday, sending the Standard and Poor’s 500 Index to record highs. Another positive sign came from a sharp drop in the volatility index, or VIX, a popular fear gauge that measures the expected swings in the stock market.
by Fareeha Ali
Although furloughed federal employees returned to work on Thursday after being kept home without pay for 16 days, the economic outlook remains unclear and those employees continue to feel uncertain about their job stability.
Weekly state unemployment insurance claims, one of the only government reports released amid the federal government shutdown, fell less than economists expected in the most recent week. The data is being distorted, however, by fallout from a computer glitch in California and filings made by furloughed government employees.