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Equity Futures Drop After Weekend Without Move On U.S. Finances

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October 06, 2013 AT 2:24 PM
By David Gaffen (Reuters) - US S&P 500 E-mini futures dropped Sunday evening, suggesting a weak open for U.S. stocks on Monday, after a weekend where little progress was seen in either resolving the budget dispute or raising the debt ceiling. S&P E-mini futures dropped 8.75 points, or 0.5 percent, to 1684 in electronic trading Sunday, suggesting a drop at the open on Monday morning, though futures pared losses after an initial decline when trading opened at 6 p.m. (2200 GMT). Republican House Speaker John Boehner, speaking on ABC's "This Week," said on Sunday that he would not raise the U.S. ...