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DOW OFF 100

Sam RoSep 27, 2013, 20:01 IST

Google Finance

Markets are in the red early in the U.S. trading session.

The Dow is down 103 points.

The S&P 500 is down 9 points.

The Nasdaq is down 12 points.

At this rate, the would be the sixth down day in seven trading sessions.

All of this comes as Congress continues to debate the budget. Without an agreement, we could see a government shutdown next Tuesday.

"In the event of a government shutdown, functions of the federal government considered "non-essential" cease while "essential" functions continue," write Barclays' Michael Gapen and Michael Gavin. "Our economists estimate that for every week the government is shut down, real federal government consumption and gross investment falls 1.6% q/q saar and quarterly real GDP growth declines 0.1pp."