Futures fall sharply as US careens toward shutdown [View all]
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.
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.
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.
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.