Sunday, February 8, 2015

Wall Street stock futures rise

Wall Street stock futures gained a bit early Tuesday as the political standoff in Washington continued.

Dow Jones industrial average index futures rose 0.1%, Standard & Poor's 500 index futures gained 0.2% and Nasdaq index futures traded 0.2% higher.

On Monday, Day 7 of the government shutdown over a budget dispute, the Dow fell 136.34 points, or 0.9%, to 14,936.24 and the S&P 500 slumped 14.38 points, or 0.9%, to 1,676.12. The Nasdaq dropped 37.38 points, or 1%, to 3,770.38.

Anxiety over an Oct. 17 deadline to raise the nation's debt ceiling is starting to eat away at investor sentiment.

MONDAY: Dow drops below 15,000 on Day 7 of shutdown

In Asia on Tuesday, Japan's Nikkei index inched up by 0.3% to 13,894.61, while Hong Kong's Hang Seng index was up 0.9% to 23,186.75. China's Shanghai composite was up 1% to 2,195.90.

Benchmarks across Europe extended recent losses. Britain's FTSE 100 index fell around 0.3% while Germany's DAX index lost 0.1%.

Benchmark crude oil for November delivery rose 5 cents to $103.08 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 81 cents to close at $103.03 a barrel on the Nymex on Monday.

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