Global stocks steady after Wall Street drop unsettles Asia
CNN
Stocks in the United States and Europe steadied on Tuesday after Asian markets were rattled overnight by fears of a potential US default, trouble in China's massive property market and rising oil prices.
US stock futures advanced and European markets opened with small gains. Nasdaq futures were up 0.4%, rebounding from a difficult trading session on Monday that saw the tech-heavy index shed 2.1%.
Investors have been unnerved by dysfunction in Washington, where lawmakers have made little progress on allowing the US government to keep borrowing to pay its bills. The US Treasury has said it will default if the debt ceiling isn't hiked by October 18.
After recent burglaries at homes of professional athletes – including Kansas City Chiefs stars Patrick Mahomes and Travis Kelce – the NFL and NBA have issued security memos to teams and players warning that “organized and skilled groups” are increasingly targeting players’ residences for such crimes.