Investing.com – U.S. futures pointed to a negative opening on Monday, as investors wait to see if the Senate will restore funding for the federal government.
The S&P 500 futures fell two points or 0.08% to 2,808.75 as of 6:51 AM ET (11:51 GMT) while Dow futures decreased 46 points or 0.16% to 26,000.0. Meanwhile tech heavy Nasdaq 100 futures were down two points or 0.03% to 6,843.50.
The U.S. government shutdown was in its third day after Democrats and Republicans failed to reconcile their differences over immigration legislation and pass a spending bill on Friday.
The Senate is expected to vote on a funding bill at 12:00 PM ET (17:00 GMT) on Monday that would restore funding on a temporary basis but it is uncertain if they have enough votes to pass the measure. It’s the first time the government has shutdown since 2013, when the public sector was closed for 16 days.
Deutsche Bank AG (DE:DBKGn) NA O.N. (NYSE:DB) was among the biggest gainers in pre-market trading, increasing 1.33% while Barclays (LON:BARC) PLC ADR (NYSE:BCS) rose 2.87% and oil firm BP (LON:BP) PLC ADR (NYSE:BP) jumped 1.18%.
Meanwhile budget airline firm Ryanair Holdings PLC ADR (NASDAQ:RYAAY) slumped 3.06% while UBS Group AG (NYSE:UBS) was down 1.79% after it announced it was buying back $2.1 billion of stock and Credit Suisse (SIX:CSGN) Group (NYSE:CS) dipped down 1.47%. Elsewhere Apple (NASDAQ:AAPL) lost 0.82% and General Electric (NYSE:GE) fell 0.93%.
Investors will also look to earnings reports later in the day, with financial results from Netflix (NASDAQ:NFLX), TD Ameritrade Holding Corporation (NASDAQ:AMTD) and Halliburton (NYSE:HAL), among others, expected.
In Europe stocks were mostly up. Germany’s DAX rose eight points or 0.06% while in France the CAC 40 decreased a point or 0.02% and in London, the FTSE 100 was up five points or 0.06%. Meanwhile the pan-European Euro Stoxx 50 gained five points or 0.14% while Spain’s IBEX 35 rose 48 points or 0.46%.
In commodities, gold futures inched down 0.02% to $1,332.80 a troy ounce while crude oil futures fell 0.06% to $63.27 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, decreased 0.28% to 90.24.