INSUBCONTINENT EXCLUSIVE:
The year-end rout in financial markets may get worse as US stocks fell 1 per cent at 9:45 a.m
Analysts and strategists say investor sentiment is weakening further amid the federal government shutdown, with no quick end in sight.
The
SP 500 Index has fallen more than 13% just in December, on pace for the steepest monthly decline since October 2008, as fear of a possible
slowdown in the new year gripped the market
Recent cautious commentary from economic bellwether FedEx Corp
stoked concerns, with warnings about slowing global trade and weakness in the European economy
Investors are also possibly pricing in the impact of a policy error by the Federal Reserve and a weak Chinese economy.
Given the bearish
The next possibility for votes in the House and Senate is Dec
Cowen expects any financial impact to be very minor
Science Applications International Corp
might be among the most exposed as its three large NASA programs account for an estimated 7% of sales, but Cowen expected the impact to be
modest.
While the current shutdown affects only nine out of the fifteen cabinet level departments, and excludes the Department of Defense,
December 21, noting that Mattis enjoyed broad bipartisan support
The SP Supercomposite Aerospace and Defense Industry Index (S15AERO) has dropped more than 14% this month, paced by Triumph Group, Arconic,
Textron, and General Dynamics Corp.
