US stocks have trimmed their gains, with a mid-morning retreat nobbling the Dow Jones Industrial Average’s attempt to stay in positive territory.
Investors have, for the most part, reacted calmly to the prospect of a government shutdown, which Mick Mulvaney, director of the Office of Management and Budget, sees as a 50-50 chance.
Bond markets are also looking relatively placid, with the yield on the benchmark 10-year US Treasury up 3.1 basis points at 2.6425 per cent, the highest level since 2014.
The Dow is down 0.2 per cent at 25,973.74 at pixel time, while the S&P 500 is 0.1 per cent higher at 2,800.26, and the Nasdaq Composite is up 0.2 per cent at 7,304.53.
The dollar index, a measure of the US currency against a basket of six currencies, was up 0.1 per cent at 90.556.