Midnight mayhem: US budget battle send stocks into plummet — RT Business

Midnight mayhem: US budget battle send stocks into plummet — RT Business:

"Global stocks have slid just hours before the US government shutdown deadline expires at midnight. Market sentiment has weakened as US lawmakers have still not come to a consensus on their spending bill for the next fiscal year, which starts on Oct 1.

The Dow Jones index fell 1.00 percent, S&P 500 futures lost 0.71 percent and the NASDAQ index retreated 1.01 percent by 10:00am EST. The S&P 500 index, which has gained nearly 20 percent so far this year, has dropped 1.10 percent over the shutdown scare.

Concern over a US government shutdown spooked European and Asian floors. In morning trading, the EURO STOXX 50 and Germany’s DAX dropped 1.10 percent and France’s CAC Index fell 1.12 percent."

'via Blog this'