Futures shrug off partial government shutdown

October 1, 2013 - 7:35 AM
Budget Battle

Calling it quits for the night, Speaker of the House John Boehner, R-Ohio, center, with House GOP leaders, speaks briefly to reporters, just after 1:00 a.m., Tuesday morning, Oct. 1, 2013. For the first time in nearly two decades, the federal government staggered into a partial shutdown Monday at midnight after congressional Republicans stubbornly demanded changes in the nation's health care law as the price for essential federal funding and President Barack Obama and Democrats adamantly refused. Joining Boehner, from left, are House Majority Leader Eric Cantor, R-Va., House Majority Whip Kevin McCarthy, R-Calif., and Rep. Cathy McMorris Rodgers, R-Wash., the Republican Conference chair. (AP Photo/J. Scott Applewhite)

NEW YORK (AP) — Traders are shrugging off the partial shutdown of U.S. government operations, sending stock futures higher.

Investors may be seeing the opportunity to buy stocks on the cheap Tuesday, with seven of the past eight trading days ending in negative territory on the Standard & Poor's 500 index.

Dow Jones industrial futures are up 32 points to 15,078. S&P futures have tacked on 4.2 points to 1,678.50. Nasdaq futures are up 8.75 points to 3,217.75.

While tourists will be unable to visit the Statue of Liberty, which is part of the National Parks system, the New York Stock Exchange and Wall Street, just over a mile away, are up and running.

Automakers are reporting September sales as well Tuesday.