Dow, Bitcoin Take Steep Losses as Government Shutdown Extends to 24th Day

Both the Dow Jones Industrial Average and bitcoin price took steep losses on Monday, as high-risk assets and traditional investments alike grappled with the ramifications of the government shutdown, a growing US-China trade imbalance, and bearish technical indicators. Dow Poised to Open to Steep Losses on Monday As of 8:35 am ET, Dow futures implied a loss of 196 points or 0.82 percent at the open after trading more than 200 points down earlier in the day. S&P 500 and Nasdaq futures also traded firmly in the red, indicating opening bell losses of 0.84 percent and 1.04 percent, respectively. The Dow Industrial Average (blue), S&P 500 (red), and Nasdaq (orange) traded down ahead of Monday’s open. All three indices had snapped a five-day winning streak on Friday, ending a string of consecutive daily gains that was longer than any the stock market had seen for months. In fact, the Dow…

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