$Energy ETF (LIST2724.US)$ Last night, Republicans refused t...

$Energy ETF (LIST2724.US)$ Last night, Republicans refused to pass a bill to avert a government shutdown and raise or suspend the debt limit to prevent the US from defaulting on its debts.

Chris Beauchamp, Chief Market Analyst at IG Group, said “the prospect of higher energy prices, fueling inflation, and rises in bond yields appear to be pre-empting tighter monetary policy by central banks, have prompted widespread selling across global stock markets. Like yesterday, it is the highly-valued growth stocks that have taken the brunt of the selling, as investors fret that a lower growth, tighter policy environment will hurt these previous star performers.”