Stock futures opened lower on Sunday as the U.S. government remained shut down.
Dow Jones industrial average futures declined 57 points in addition to also briefly fell as much as 101 points. S&P 500 in addition to also Nasdaq 100 futures drop 4.25 points in addition to also 7.75 points, respectively.
The U.S. government shut down Saturday after a bill which might’ve kept government funded through Feb. 16 was voted down inside the Senate.
The White House was quick to blame Democrats once the shutdown began. In a statement, White House press secretary Sarah Sanders said: “This specific can be the behavior of obstructionist losers, not legislators.”
This specific can be the first U.S. government shutdown since 2013. which year, the government was shut down for 16 days.
Concerns about a shutdown kept investors on edge last week. On Tuesday, the Dow gave up a 283-point gain, while the S&P 500 in addition to also Nasdaq also closed lower in which session. The Cboe Volatility index (VIX), widely considered the best fear gauge on Wall Street, finished the week nearly 11 percent higher.
Historically, the Vix averages a return of 9.7 percent one week after a government shutdown, while the S&P 500 slips 0.3 percent in which time period.