Stocks resume slide as rate bets, shutdown risks rattle markets

U.S. equity futures moved lower again Tuesday, while the dollar hit a fresh ten month peak and Treasury yields nudged higher, as investors continued to retreat from risk markets amid concerns over higher Federal Reserve interest rates.

That said, with a tight job market and resilient economic performance, traders still feel the Fed is more likely than not to follow-through on its rate hike promise. "Fiscal policymaking is less robust in the U.S. than in many Aaa-rated peers, and another shutdown would be further evidence of this weakness," Moody's said in a statement.

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