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US Government Shutdown Exacerbates Market Uncertainty, Stock Index Futures Fall
Summary: According to sources, US stock index futures fell as Congress failed to reach an agreement on a spending plan, forcing a government shutdown and leaving hundreds of thousands of federal employees unable to work. The government shutdown may disrupt the S&P 500 index's 14% gain this year and potentially delay the release of key economic ...
According to sources, US stock index futures fell as Congress failed to reach an agreement on a spending plan, forcing a government shutdown and leaving hundreds of thousands of federal employees unable to work. The government shutdown may disrupt the S&P 500 index's 14% gain this year and potentially delay the release of key economic data, including the employment report scheduled for Friday. Analysts suggest that if the nonfarm payroll data is delayed, it will increase uncertainty caused by the government shutdown, with volatility expected to rise in the new quarter.
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Link: US Government Shutdown Exacerbates Market Uncertainty, Stock Index Futures Fall [Copy]
