“The S&P 500 opened 0.40% lower at 1683 with no deal is in sight to end the government shutdown,” Scott Redler reports for Forbes.
“The talk is predictably shifting toward a ‘grand deal’ that includes the debt ceiling, for which the deadline is October 17,” Redler reports. “Most world markets are in the red as well, with Europe and Japan at one-month lows. The S&P 500 is down about 3% from its highs three weeks ago.”
“Apple (AAPL) is still building a nice price pattern but a bit jaggedly. Jeffries upgraded the stock this morning so let’s see if today’s morning gap up holds and if it can build,” Redler reports. “The area that hurt many of us last week is $492ish. A close back above this could help get this more momentum.”
Read more in the full article here.