Wall Street was veering toward losses before the opening bell Wednesday as a U.S. government shutdown went into effect just after midnight.
Futures for the S&P 500 and the Dow Jones Industrial Average were down 0.5% ahead of the open, while Nasdaq futures slid 0.6%. Markets just closed out a fifth straight winning month on Tuesday with the Dow hitting an all-time high.
Lithium Americas jumped more than 32% overnight after the U.S. government confirmed speculation that it would take a 5% equity stake in the company.
A government shutdown is underway. Here’s what to know.
The deal, which was widely reported last week, includes an approximate $2.3 billion federal loan that would allow the company to move forward on extracting the silver-white metal used in electric vehicle batteries from