September 30, 2013- Stocks Plunge Lower as US Economic Concerns Mount

Wall Street seems to be dreading the prospects of a potential governmental shutdown in the U.S., as indicated by the trading in the U.S. index futures, which point to a notably lower opening on Monday. Soft Chinese manufacturing reading and political developments in Italy may also add to the anxiety of traders. Risk aversion has increased amid these fears, sending stocks across the globe lower, The domestic markets may also react to the result of a couple of manufacturing readings due for the session. The Dow futures are plunging 117 points, the S&P 500 futures are moving down 12.90 points and the Nasdaq 100 futures are declining 21 points. U.S. stocks closed the week ended September 27th on a mixed note, as the mood was impacted by worries concerning the economic impact of a potential U.S. government shutdown and the release of some mixed economic data.