Government Shutdown Drags On, S&P 500, Dow Futures Drop

Benzinga

U.S. stock futures fell on Tuesday following Monday’s advances. Futures of major benchmark indices were lower.  The indices dropped as the possibility of a government shutdown neared, with the lawmakers having until Wednesday at 12:01 a.m. ET to reach an agreement.  Meanwhile, Vice President JD Vance stated outside the White House that “I think we're headed to a shutdown because the Democrats won't do the right thing,” placing the blame on Democratic leaders for linking government funding to healthcare negotiations.

Transcript

00:00all right futures are red across the board here this morning for tuesday september 30th s&p

00:11futures down 0.22 percent ahead of the open dow futures down 0.24 percent and the nasdaq futures

00:18down 0.19 percent so pointing to a weaker open here uh if we take a look at some cues from last

00:26session information technology financial and consumer discretionary stocks recorded the

00:30biggest gains on monday leading most s&p sectors uh to a positive close however energy and

00:36communication services stocks bucked the overall market trend closing the session lower u.s stocks

00:42settled higher with the nasdaq gaining more than 100 points nvidia shares closed higher by around

00:48two percent while other ai stocks including amd advanced micro devices and micron technology

00:54ticker mu also recorded gains during the session robin hood markets ticker h-o-o-d surged 12 percent

01:02on monday after ceo vlad tenev revealed on social media that more than four billion event contracts

01:09have been traded on the platform since launch major indices meanwhile recorded losses last week with

01:15the nasdaq composite falling seven tenths and the s&p losing three tenths the dow also fell by two

01:21tenths during the week um we have a government shutdown looming here as indices dropped as the

01:28possibility of a government shutdown neared with lawmakers having until wednesday at 12 01 a.m eastern

01:36time to reach an agreement meanwhile vice president jd vance stated outside the white house that quote i

01:42think we're headed to a shutdown because the democrats won't do the right thing end quote uh placing the

01:48blame on democratic leaders for linking the government funding and health care negotiations

01:52meanwhile the 10-year treasury bond yielded 4.13 percent seems to have kind of stalled out around that

01:59area we'll see if it pulls back at all the two-year bond yielded 3.60 percent

02:05you

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