Stock futures fall as government shutdown seems likely
NEW YORK (Reuters) - U.S. stock index futures fell on Sunday as a last-minute deal to resolve the budget battle in Washington appeared less likely, making a government shutdown more likely.
Such a shutdown is expected to impact markets by injecting massive amounts of uncertainty into all asset classes. If a deal is reached quickly, that might allow markets to recover, but a prolonged shutdown could have significant implications for economic growth and consumer confidence.
S&P 500 futures fell 12.8 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures lost 73 points and Nasdaq 100 futures sank 16 points.
- Confusion as search for Malaysian jet spreads across SE Asia |
- Malaysia military source says missing jet veered to west |
- Toddler found with heroin at New Jersey daycare center
- Special Report: How China's official bank card is used to smuggle money |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source