For the first time since her tragic shooting, Congresswoman Gabrielle Giffords returns to Washington to cast her vote, helping the House of Representatives to pass the debt ceiling bill. The Senate vote is today at noon and is expected to pass, to be sent to President Obama's desk this evening.Despite a potential end to the debt-ceiling impasse, S&P 500 futures are negative, down nearly 1% in early trading as investors turn their attention to weak U.S. economic data. Last Friday, the sluggish GDP number was overshadowed by the debt ceiling debate. Yesterday, weak U.S. manufacturing data turned profit-taking into outright selling, before a rally into the close. Overseas markets remain weak, with the MSCI Asia Pacific Index down nearly 2%, while the Stoxx Europe 600 index is down 1%.
As Bear Awakes, Cash Is King: Morning Call
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.