U.S. stock futures fell early Wednesday morning as the U.S. government shutdown began on October 1, and investors assessed its potential economic fallout. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.53%, 0.43%, and 0.47%, respectively, at 2:00 a.m. EST on October 1.
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The potential shutdown will start at midnight unless Congress manages to pass a funding deal before Wednesday’s deadline. President Donald Trump has called a shutdown “probably likely,” accusing Democrats of refusing to compromise on a temporary spending bill.
In Tuesday’s regular trading session, the major U.S. indices ended higher, wrapping up a surprisingly strong September. This marked six straight monthly gains for the Nasdaq Composite and five for the Dow Jones and the S&P 500.
Looking ahead, the private sector job creation data from payroll processing group ADP (ADP) is due Wednesday morning. Also, the S&P final U.S. manufacturing PMI, auto sales, and construction spending reports are slated for release tomorrow.
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