Stocks retreat, gold hits record as US government shutdown begins
SYDNEY (Reuters) -Wall Street futures slipped, gold struck a record high and Asian stocks wavered on Wednesday, as the deadline passed for a U.S. government shutdown that is expected to delay the release of crucial jobs data and muddy the interest rate outlook. With no clear path out of the impasse, agencies warned that the government shutdown would halt the release of a closely watched September employment report and lead to the furlough of 750,000 federal workers at a daily cost of $400 million. Both S&P 500 futures and Nasdaq futures dropped 0.5%.
SYDNEY (Reuters) -Wall Street futures slipped, gold struck a record high and Asian stocks wavered on Wednesday, as the deadline passed for a U.S. government shutdown that is expected to delay the release of crucial jobs data and muddy the interest rate outlook. With no clear path out of the impasse, agencies warned that the government shutdown would halt the release of a closely watched September employment report and lead to the furlough of 750,000 federal workers at a daily cost of $400 million. Both S&P 500 futures and Nasdaq futures dropped 0.5%.
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