Futures shrug off partial government shutdown

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Associated Press

Posted on October 1, 2013 at 8:01 AM

Updated Tuesday, Oct 1 at 8:02 AM

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.

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