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Stock market weakness could continue in week ahead as looming government shutdown adds to fears

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Investors are growing worried an agreement to avoid a shutdown is unlikely with just a little over a week left to go before the end of the fiscal year in Washington.

A government shutdown is not likely to hurt financial markets. But, it could delay the release of key economic data, such as inflation figures. That could handicap the Federal Reserve at its next policy meeting. It may also further hurt consumer confidence and slow the economy.

Home Price Index 9 a.m. S & P/Case-Shiller comp.20 HPI 10 a.m. Consumer Confidence 10 a.m. New Home Sales 10 a.m. Richmond Fed Index Earnings: Cintas, Costco Wholesale Wednesday Sept. 27 8:30 a.m. Durable Orders Earnings: Micron Technology Thursday Sept. 28 8:30 a.m. Continuing Jobless Claims 8:30 a.m. GDP 8:30 a.m. Initial Claims 10 a.m. Pending Home Sales Index 11 a.m. Kansas City Fed Manufacturing Index Earnings: CarMax , Nike Friday Sept. 29 BEA Domestic Auto Sales final 8:30 a.m.

 

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