US Markets Plunge as Government Shutdown Looms: Futures Slide
US Markets Plunge as Government Shutdown Looms: Futures Slide
US stock futures are extending losses as Washington approaches a government shutdown, with a crucial stopgap funding bill failing to pass. The S&P 500 and Nasdaq 100 index futures have both fallen, reflecting growing investor concern over the political deadlock.
Contracts for the S&P 500 dropped 0.3% following what had been its best September in 15 years. Meanwhile, the dollar edged higher after three days of declines, and gold maintained its position near a record high set earlier this week. Asian shares also saw a 0.2% dip, with trading muted due to holidays in China and Hong Kong. Treasuries remained largely flat, with the 10-year yield at 4.15%.
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