00:00all right futures red across the board on the back of the government shutdown news and ahead of
00:12today's open for october 1st however they're considerably up off the lows s&p futures down
00:180.41 percent dow futures down 0.3 percent and the nasdaq futures down 0.47 percent so we are
00:26less than a half a percent down on this little bit of a gap down and as mentioned it is up off the
00:33lows s&p futures actually tested 6680 we're currently at 6711 so a nice little bounce going
00:41into the open we'll see if we get more of that uh here today let's take a look at some cues from the
00:47last session here most sectors in the s&p 500 closed on a positive note with information technology
00:53health care and industrial stocks recording the biggest gains on tuesday however energy and
00:59consumer discretionary stocks bucked the overall market trend closing the session lower u.s
01:04stocks still settled higher as the dow jones surged to a new closing high the government shutdown comes
01:10after major indices recorded gains last month the s&p 500 gained more than three percent for september
01:16and the dow added almost two percent the nasdaq jumped 5.6 percent during the month on the economic
01:23front u.s job openings rose by 19 000 to 7.227 million in august from a revised 7.208 million
01:32the chicago business barometer declined to 40.6 in september from 41 and a half in the previous
01:38month compared to market expectations of 43 the s&p core logic case shiller home price index increased
01:461.8 percent year over year in july um now let's go back to some more stuff about the shutdown here
01:55indices dropped as the u.s federal government officially entered a shutdown at 12 01 a.m on
02:02wednesday morning october 1st after congress failed to reach an agreement on a spending plan
02:07however historical data suggests that these events are often short-lived and have a limited
02:13long-term impact on equities in fact the longest shutdown ever was 34 days that happened uh in
02:20december of 2018 into january of 2019 meanwhile the 10-year treasury bond yielded 4.15 percent and the
02:29two-year bond was 3.60 percent
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