real-time news and commentary for investors
Tuesday, Oct 1
Markets unmoved as U.S. government shuts down
- The U.S. government has begun its first partial shutdown in 17 years after a day of back-and-forth between the House and the Senate that resulted in Congress failing to pass a budget to fund the federal government.
- On Monday afternoon and the later in the evening, the Senate rejected House measures that tied government funding to a one-year delay to provisions of Obamacare.
- The House then called for a bipartisan committee with the Senate to try to forge an agreement, but Democrats rejected the overtures as too late.
- U.S. and European stock futures don't seem to be too perturbed, with the Dow +0.2%, the S&P +0.3% and the Nasdaq +0.3%. The Dax is +0.1%, the CAC 40 +0.1% and the FTSE 100 +0.1%.
- U.S. 10-year Treasury yields are +2bps to 2.64%.
- Gold is +0.1% to $1328.70, while oil is -0.3% at $102.05.
- In Asia-Pacific Japan +1%, India +0.4%, Australia +0.1%.
- Index ETFs: IVV, SPY, VOO, RWL, SFLA, SSO, UPRO, SDS, SPXU, SH, EPS, RSP, BXUB, BXUC, BXDB, DIA, DDM, UDOW, DXD, SDOW, DOG, QQQ, QQEW, TQQQ, QID, SQQQ, PSQ, QLD, QQQE.