real-time news and commentary for investors
Monday, Oct 7
No weekend budget progress has futures tumbling
- Stock index futures are off nearly 1% as no progress was made over the weekend towards a lifting of the debt cap. Treasury Secretary Jack Lew took to the Sunday morning talk shows to report his shrill warnings of disaster should the Treasury stop servicing its debt.
- Europe is also off by about 1% and Asia was mostly lower overnight.
- The 10-year Treasury yield is lower by two basis points to 2.63%.
- 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.