Futures rebound after sharp downturn this week

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Associated Press

Posted on October 4, 2013 at 9:01 AM

Updated Friday, Oct 4 at 9:02 AM

NEW YORK (AP) — Stock futures are rebounding from a significant sell-off over the past two days, but major averages that have been rattled by the partial government shutdown appear to be headed for a weekly loss.

The Standard & Poor's 500 index has ended in positive territory only twice over the past 11 days as disgust over the budget impasse grows. Though futures are ticking higher Friday, the Dow Jones Industrial average slumped below the 15,000 mark by Wednesday and is unlikely to recover this week.

Dow Jones futures are up 30 points to 14,936. S&P futures have tacked on 4.6 points to 1,674.30. Nasdaq futures are up 10.50 points to 3,212.75.

Because of the shutdown, there are no economic indicators Friday, including the crucial September jobs report from the Labor Department.

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