Futures mixed with debt deal in reach

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Associated Press

Posted on October 15, 2013 at 8:07 AM

Updated Tuesday, Oct 15 at 8:07 AM

NEW YORK (AP) — Futures are mixed with Wall Street somewhat optimistic that lawmakers can overcome the dysfunction that has led to the 15th consecutive day of a partial government shutdown.

However, trading is light and there may be heavy action in the bond market Tuesday, which was closed for Columbus Day, with investors hedging their bets on U.S. Treasurys.

Dow Jones industrial futures are up 18 points to 15,243. S&P have given up 1.4 points to 1,702.90. Nasdaq futures are up 5.25 points to 3,253.50.

Futures came off their highs after Citigroup released earnings that fell short of Wall Street expectations for both profit and revenue.

It's the latest big bank to report this quarter and in premarket trading, shares of JP Morgan and Bank of America are selling off as well.

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