Stocks waffled between gains and losses to end a volatile week on Wall Street, as investors expressed worries over China Evergrande issue and a slowing global economy prompted a pullout $28.6 billion from U.S. equity funds over the first three days of the week, the most since February 2018. However, stocks then staged a two-day rally after the Federal Reserve signaled a gentle policy for removing bond purchases in the future. While the U.S. stocks brushed off the Evergrande issue, Chinese stocks have not. The Hang Sang Index (HSI) fell more than 3% on Monday hitting an 11-month low. Their construction and property index was also off more than 6%.

The deadline for the U.S debt ceiling in Washington approaches, with a government shutdown possible on Friday, Oct. 1. Democrats in the House have passed a bill that would avert a shutdown and suspend the debt ceiling temporarily, but that will go nowhere in the Senate without support from some Republicans.

Democrats have disagreements within their party as well over a $1.2T infrastructure bill and a $3.5T reconciliation bill. A temporary spending bill would need to pass Thursday night. Congress has raised the debt ceiling more than a dozen times in the last 20 years, with the last major face-off coming in 2011.