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Last updated: September 30. 2013 8:38AM - 170 Views
Associated Press



FILE - In this file photo taken Friday, Sept. 27, 2013, President Barack Obama gestures while making a statement regarding the budget fight in Congress and foreign policy challenges, in the James Brady Press Briefing Room of the White House in Washington. As Iran's diplomatic profile rises with attempts to recalibrate its dealings with Washington, the Gulf rulers will have to make adjustments, too, and that's not such an easy thing for the monarchs and sheiks to swallow. (AP Photo/Charles Dharapak, File)
FILE - In this file photo taken Friday, Sept. 27, 2013, President Barack Obama gestures while making a statement regarding the budget fight in Congress and foreign policy challenges, in the James Brady Press Briefing Room of the White House in Washington. As Iran's diplomatic profile rises with attempts to recalibrate its dealings with Washington, the Gulf rulers will have to make adjustments, too, and that's not such an easy thing for the monarchs and sheiks to swallow. (AP Photo/Charles Dharapak, File)
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(AP) U.S. stock futures are falling sharply as the federal government careens toward a partial shutdown.


Dow Jones industrial futures are down 126 points to 15,069. S&P futures have lost 13.9 points to 1,672.50, and the index could see its first back-to-back trading days below 1,700 in three weeks. Nasdaq futures are down 22.75 points to 3,200.25.


The Senate reconvenes Monday just 10 hours before the shutdown is initiated.


A budget resolution is one of the four huge pivot points in the coming month, with the other three arriving within the next eight trading days.


On Friday, the government releases its jobs report for September. The earnings seasons opens on Oct. 8 when Alcoa reports third-quarter results and on the following day, the U.S. Federal Reserve opens its policy meeting.


Associated Press
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