Stock Market Update

The stock market is poised for a sharply higher open this morning as a resolution to the longest government shutdown in U.S. history appears near, following a key procedural step in the Senate.

Mega-cap names are leading the early strength, with all members of the "Magnificent Seven" trading higher in pre-market action as optimism over the shutdown combines with a "buy-the-dip" bid after last week's pullback.

Airline stocks are also on the rise, benefiting from relief that the shutdown is unlikely to extend into the busy Thanksgiving travel period.