Futures fall sharply as US careens toward shutdown

[marble falls]

Source: AP


Futures fall sharply as US careens toward shutdown

The Associated Press

NEW YORK — U.S. stock futures slumped Monday as the federal government careened toward a partial shutdown.

<snip>

The Dow Jones industrial futures fell 144 points to 15,051. S&P futures gave up 15.6 points to 1,670.80, and the index could see its first back-to-back trading days below 1,700 in three weeks. Nasdaq futures tumbled 30 points to 3,193.

<snip>

On Friday, the government releases its jobs report for September. The earnings seasons opens on Oct. 8 when Alcoa reports third-quarter results and on the following day, the U.S. Federal Reserve releases minutes from its most recent meeting.

<snip>

In Europe, the FTSE 100 index of leading British shares slid 0.9 percent to 6,457 while Germany's DAX fell 1.1 percent at 8,567. The CAC-40 in France fell 1.4 percent to 4,129.... Milan's stock exchange tumbled 1.9 percent to 17,310..... Japan's Nikkei 225 stock average closed 2.1 percent lower at 14,455.80. Hong's Hang Seng index fell 1.5 percent to 22,859.86 while South Korea's Kospi was 0.7 percent lower at 1,074.

Read more here: http://www.theolympian.com/2013/09/30/2751228/futures-fall-sharply-as-us-careens.html#storylink=cpy

Read more: http://www.theolympian.com/2013/09/30/2751228/futures-fall-sharply-as-us-careens.html

[Berlum]

1. Republicans crap all over America's economy

Thanks a diaper-load, Repubbies. America will remember.

[hoosierlib]

2. The GOP members of Congress are shitting themselves

As soon as the Senate Dems put a mushroom stamp on their most recent "compromise"bill, they will scramble to pass the clean CR before midnight. I love that the President and the rest of the Dems are standing up to their stupidity. Obama doesn't flinch, just ask Osama Bin Laden...

[thelordofhell]

3. I wonder which republican has money in shorting the market??

hmmmmmmm

[marble falls]

4. All of them.

[rwsanders]

5. Funny how they say the government doesn't help business and only gets in the way...

yet the parasites on Wall St. panic when the government isn't going to be there to subsidize their gambling or spend money with their big corporations.
If their economic theories were anywhere close to correct the market should be booming right now.

[blkmusclmachine]

6. Thanks, GOPee.