Futures fall sharply as US careens toward shutdown
NEW YORK (AP) — U.S. stock futures are falling sharply as the federal government careens toward a partial shutdown.
Dow Jones industrial futures are down 126 points to 15,069. S&P futures have lost 13.9 points to 1,672.50, and the index could see its first back-to-back trading days below 1,700 in three weeks. Nasdaq futures are down 22.75 points to 3,200.25.
The Senate reconvenes Monday just 10 hours before the shutdown is initiated.
A budget resolution is one of the four huge pivot points in the coming month, with the other three arriving within the next eight trading days.
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 opens its policy meeting.