real-time news and commentary for investors
Thursday, Oct 10
Futures up 1% on signs of movement in budget standoff
- Stock index futures are ahead by 1% on signs of movement in the budget/debt ceiling standoff, with House GOP leaders preparing to head to the White House today. A WSJ editorial by Rep. Paul Ryan yesterday laid out a framework for a temporary increase in the budget cap.
- Europe's up about 1.5% and Asia was moderately higher overnight.
- Locked in a tight range in the low-to mid 2.60s for the last couple of weeks, Treasury yields break out to the upside with the 10-year up 5 bps to 2.71%.
- 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.