U.S. stocks rose Thursday, breaking a five-day losing streak.
NEW YORK (CNNMoney)
U.S. stock futures were all slightly lower.
Investors continue to fret over how Washington will deal with a possible government shutdown and a debt ceiling that could keep the government from paying its bills.
Many expect Congress will strike a last-minute deal to raise the debt limit, allowing the government to keep paying for things such as Medicare and the military. However, the uncertainty has kept the markets in check.
"The permanent loss of income for nearly a million government workers... and pay check delays to a larger group by October 15 would weigh on consumer demand and retailers anticipating Thanksgiving and Christmas activity," said Ashraf Laidi, chief global strategist at City Index.
U.S. stocks rose slightly Thursday, but had drifted lower in the five previous trading sessions, with both the S&P and Dow indexes coming off record highs last week.
Related: Fear & Greed Index
The Commerce Department is scheduled to release its monthly report on personal income and spending at 8:30 a.m. ET. At 9:55, the University of Michigan and Thomson Reuters will release the latest edition of their consumer sentiment index.
Blackberry (BBRY), which announced plans this week to go private, is set to release quarterly results before the opening bell.
Nike (NKE, Fortune 500) shares jumped in after-hours trading following quarterly results that beat expectations.
J.C. Penney (JCP, Fortune 500) shares sank following news that the struggling retailer is planning a public offering of 84 million shares.
Related: China to launch mysterious free trade zone
European markets were drifting lower in morning trading. Asian markets were little changed Friday. The Nikkei dipped lower while Chinese indexes edged up. 
First Published: September 27, 2013: 5:08 AM ET
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