DOW futures are DOWN -0.03 and NASDAQ futures are also DOWN -0.03.
Stocks fall in early action on Friday ahead of data that could show consumer spending on the rise, but confidence taking a dent. Investors are cautious going into the weekend on fears over a looming government shutdown.
Budget spending must be agreed by Congress before 10/1, next Tuesday, to prevent a government shutdown which could involve federal employees facing unpaid temporary leave and a delay in the payment of military personnel. Most analysts expect a deal to be reached, even if it is at the last minute, since lawmakers are unlikely to want to risk any fallout at the 2014 Congressional elections.
European stock markets head for a weekly loss on Friday, with investors waiting for confidence data from the euro zone while Asian stock markets are mildly higher after Wall Street snaps a long losing streak.
Moving into the weekend … the RegMed sector trended UP yesterday but, can it hold? Investors have assumed the RegMed sector price appreciation was slipping away, swallowed by losses … not rolling forward with sentiment and optimism … as pricing of Geron (GERN), Opexa (OPXA), BioLife Solutions (OTC: BLFS) and NeoStem (NASDAQ: NBS) and others have or are coming back! The escape route to be set free is 2014 when data and outcomes won’t be “jarred”. The quarter (Q3) is ending and I wondered if … the jitters are accumulating earlier than usual.
- See more at: https://www.scimitarequity.com/articles/futures-are-down-lower-open-0#sthash.PmdtaMGH.dpuf