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Trump Announces Deal to End Government Shutdown

This article was originally published on ETFTrends.com.

U.S. President Donald Trump announced Friday that a deal was reached with congressional leaders to reopen the government temporarily, ending a shutdown that was in its 35th day.

After rising over 250 points to start Friday's trading session, the Dow Jones Industrial Averaged dipped 150 points before rising again past 200 points as of 3:00 p.m. ET.

At a White House press conference, Trump said he hopes to sign the latest measure that includes restarting government operations through Feb. 15. Trump previously pledged not to sign spending legislation unless it included a $5.7 billion proposal for a border wall.

As part of this latest deal, Trump said a conference committee would put together a Department of Homeland Security appropriations bill.

"This is an opportunity for all parties to work together for the benefit of our whole, beautiful, wonderful nation," Trump said while speaking the White House Rose Garden.

However, Trump reiterated that the border wall remains a high priority.

"We really have no choice but to build a powerful wall or steel barrier," said Trump. "If we don't get a fair deal from Congress, the government will either shut down on Feb. 15, again, or I will use the powers afforded to me under the laws and the Constitution of the United States to address this emergency. We will have great security."

Leveraged S&P 500 ETFs React

Leveraged S&P 500 ETFs such as the Direxion Daily S&P 500 Bull 2X ETF (SPUU)  and the Direxion Daily S&P500 Bull 3X ETF (SPXL) were higher following the news of the deal. SPXL rose 2.60 percent while SPUU rose 1.82 percent.

SPUU seeks daily investment results equal to 300% of the daily performance of the S&P 500® Index. SPUU invests at least 80% of its net assets in securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index.

SPXL also seeks daily investment results that equal 300% of the daily performance of the S&P 500® Index. Like SPUU, the fund invests at least 80% of its net assets in securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index.

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