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Barchart
Rich Asplund

Stocks Post Modest Losses on Mixed US Economic News

The S&P 500 Index ($SPX) (SPY) today is down -0.04%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.10%.  December E-mini S&P futures (ESZ25) are down -0.06%, and December E-mini Nasdaq futures (NQZ25) are down -0.08%.

Stock indexes are under pressure today as the rising risk of a US government shutdown undermines market sentiment and prompts a risk-off in most asset markets.  Late Monday, Vice President Vance said President Trump’s last-ditch meeting with congressional leaders ended without a deal.  Most federal operations would pause if lawmakers failed to reach an agreement before 11:59 p.m. tonight.  Friday’s monthly payroll report would likely be delayed, as the Bureau of Labor Statistics would cease operations in the event of a shutdown.

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