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Post by bot on Oct 1, 2013 6:02:05 GMT -5
MADRID (MarketWatch) -- U.S. stock market futures moved higher on Tuesday as a partial shutdown of the government took effect after a deadline for lawmakers to reach a budget agreement passed. Futures for the Dow industrials rose 57 points, or 0.4%, to 15,103, while those for the Standard & Poor's 500 index rose 8 points, or 0.5%, to 1,682.30. Futures for the Nasdaq 100 index rose 15.25 points, or 0.5%, to 3,224.50. The Dow Jones Industrial Average finished with a triple-digit decline on Monday as investors marked the hours to the potential shutdown. Increased uncertainty raises odds of a further correction for stock markets, said Allan von Mehren, chief analyst at Danske Bank in a note. "The reaction so far has been fairly muted. But given that markets have been technically overbought we think it's likely we will see further declines in coming weeks."
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