- S&P 500 (SPY) futures -0.7%, with DJIA (DIA) -0.5%, and Nasdaq 100 (QQQ) -0.5% as markets today decide the partial federal government shutdown is a bad thing. Beyond the shutdown is the debt ceiling debate which has a far greater capacity to roil financial stability. Were this not resolved by October 17 (the Treasury Sec.'s date), checks would stop going out as payment on U.S. government debt.
- Europe's off moderately, and Japan dumped 2.2% overnight as the government again pushes through a sales-tax hike just as the economy starts to gain some momentum.
- The 10-year Treasury yield is down 2 bps at 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.
Futures slide as markets look past shutdown to debt ceiling
Oct 2 2013, 07:08 ET