Stock Futures, shutdown and US government
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Major stock indexes erased early declines to close higher for a fourth consecutive session Wednesday, shaking off a U.S. government shutdown and a surprising decrease in private-sector jobs.
By Niket Nishant and Sukriti Gupta (Reuters) -Wall Street futures slid on Wednesday after the deep partisan rift in Washington led to a federal government shutdown that risks delaying crucial economic data and could potentially muddy the Federal Reserve's policy-easing outlook.
U.S. stock futures were lower Wednesday morning after ADP said private payrolls unexpectedly declined in September by 32,000 and employment fell for the third time in four months. The Dow Jones Industrial Average futures were falling 150 points,
The S&P 500 and Nasdaq are rising in premarket trading. Treasury yields are up and Bitcoin prices are climbing.
The government shutdown enters a second day. Follow along for live updates on the market reaction and track the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
The US government shut down after a midnight funding deadline as President Donald Trump and Congressional Democrats clashed over health-care spending. With key economic reports on hold, traders fear the loss of visibility will leave markets in the dark on the outlook for monetary policy.
U.S. stock index futures fell on Wednesday as investors assessed the implications of the federal government shutdown, which threatens to disrupt the release of key economic data and complicate the Federal Reserve's policy path.
The S&P 500 futures are down 0.40% or 27 points at 6,712.00, Nasdaq futures are down 104.50 points, or 0.42%, trading at 24,797.50, followed by Dow Futures, down 0.34%, or 157 points at 46,532.00.
U.S. stock futures were wavering on Thursday as the market focuses on how quickly the Federal Reserve is likely to lower interest rates. Dow Jones Industrial Average futures were up 39 points, or 0.1%.
U.S. wheat and corn futures fell sharply Tuesday after the U.S. Department of Agriculture's quarterly report showed bigger than expected stockpiles. The USDA showed wheat and corn stocks came in higher than anticipated,