Stocks Plummet As Shut-Down Seems Inevitable

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Stocks are positioned to open sharply lower this morning with a government shut-down less than 16 hours away. With lawmakers no closer to an agreement on de-funding healthcare or raising the debt ceiling, stock futures have fallen as much as 127 points. But as investors flee U.S. equities, they are pouring into the safety of government bonds, driving Treasury yields down as much as 4 basis points.

European markets are unnerved by the developments in the U.S. with all the major indices trading deep in negative territory. In addition, political brinkmanship in Italy is also causing an exodus from European equities as the party of former Prime Minister Silvio Berlusconi threatens to bring down the government if he is expelled from Parliament.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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