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Novice Investor’s Digest For Tuesday, September 30: Stock Futures Down Ahead Of Shutdown Deadline
Futures for the S&P 500 and Dow Jones fell as investors weighed a government shutdown risk and an 89% chance of Federal Reserve rate cuts, analysts said.
- On Tuesday, S&P 500 futures and Dow Jones futures fell as U.S. stock futures slid amid investor jitters with lawmakers facing a Wednesday at 12:01 a.m. ET funding deadline.
- A high-profile meeting between Republican and Democratic leaders on Monday ended without a deal, pushing Polymarket odds for a federal shutdown above 85% and over 88%.
- Meanwhile, Wolfspeed surged 45.70% after emerging from Chapter 11, Cigna advanced 4.24% following Sarasota Memorial's agreement, and Nike was 0.20% higher ahead of its earnings report.
- If the shutdown lasts through Friday, analysts warned it could delay key economic data releases including the Sep. payrolls report, complicating Federal Open Market Committee planning, Marcus said.
- Historically, shutdowns have averaged about 14 days, and Wolfe Research strategist Tobin Marcus expects this one to last more than one week but less than the 2013 stoppage, which dragged on for 16 days.
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Total News Sources20
Leaning Left2Leaning Right1Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 20%
C 70%
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