U.S. Stock Futures Open Lower As Washington Talks Drag On

U.S. stock index futures fell on Monday after weekend negotiations to avert a U.S. debt default ended with no agreement.

The S&P 500 e-mini futures fell 0.9 percent in minutes following the open.

U.S. stocks .SPX had generated two days of strong gains in advance of the weekend on hopes a deal to raise the $16.7 trillion federal borrowing limit was near.

Thursday is the deadline for raising the debt ceiling, necessary to avoid a possible government default.

Source : Reuters