U.S. stock indexes advanced in Monday afternoon trading. The Dow Jones Industrial Average increased by 515 points, or 1.1%, the S&P 500 rose by 0.7%, and the Nasdaq Composite saw a 0.9% gain.
The S&P 500 neared a record closing level following the Institute for Supply Management's (ISM) January manufacturing sector survey.
The survey reported a reading of 52.6, exceeding the 48.9 expectation from economists polled by FactSet and ending a series of contractions since March.
Government Data Releases Delayed
The Bureau of Labor Statistics stated that several government data releases will be delayed due to the partial government shutdown.
These include Friday's nonfarm payrolls report, the December Job Openings and Labor Turnover Survey, and the Metropolitan Area Employment and Unemployment release.
Stock performance during prior government shutdowns has been observed to be positive, with major indexes experiencing increases.