No weekend budget progress has futures tumbling

|By:, SA News Editor

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, BXDBDIA, DDM, UDOW, DXD, SDOW, DOGQQQ, QQEW, TQQQ, QID, SQQQ, PSQ, QLD, QQQE.