Seeking Alpha

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, BXDBDIA, DDM, UDOW, DXD, SDOW, DOGQQQ, QQEW, TQQQ, QID, SQQQ, PSQ, QLD, QQQE.
Comments (1)
  • The Geoffster
    , contributor
    Comments (4010) | Send Message
     
    Steady as she goes.
    7 Oct 2013, 08:32 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
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