NEW YORK (AP) — Stock futures are significantly lower with both sides in the budget battle appearing to grow more entrenched.
And because of the partial government shutdown, the ADP private payroll report, usually a precursor to the crucial U.S. monthly jobs report, is now the most anticipated indicator of the week.
Dow Jones industrial futures are down 72 points to 15,048. S&P futures have lost 10.5 points to 1,678.90. Nasdaq futures are down 14.5 points to 3,231.
The Labor Department will not be releasing the September jobs data due Friday. Into that data vacuum, the ADP report will carry significant weight, though it has not been a reliable guide to the more comprehensive government employment statistics.
Economists expect that private employers added 180,000 jobs in September, in line with August's gain of 176,000.