Tuesday, Aug 30, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Stock market sinks as U.S. government shutdown drags on for a third day

  • Wall-Street-Premarket-174

    FILE - In this Wednesday, Oct. 2, 2013 file photo, Trader Christopher Malloy works on the floor of the New York Stock Exchange. Financial markets remained fixated Thursday on developments in Washington as the partial shutdown of the U.S. government entered its third day and showed few signs of being resolved soon. (AP Photo/Richard Drew, File)

    ASSOCIATED PRESS

  • Unemployment-Benefits-51

    FILE - In this Wednesday, Aug. 14, 2013 file photo, job seekers check out companies at a job fair in Miami Lakes, Fla. The Labor Department reports on the number of Americans who applied for unemployment benefits on Thursday, Oct. 3, 2013. (AP Photo/Alan Diaz, File)

    ASSOCIATED PRESS

NEW YORK — Stocks are closing lower across the board as a partial shutdown of the U.S. government enters a third day.

The Dow Jones industrial average fell 136 points, or 0.9 percent, to close at 14,996 today, its biggest decline in two weeks.

The Standard & Poor’s 500 index dropped 15 points, also 0.9 percent, to 1,678. The Nasdaq composite fell 40 points, or 1.1 percent, to 3,774.

The declines were broad. All 10 industry sectors in the S&P 500 fell, as did 29 of the 30 stocks in the Dow. Falling stocks far outnumbered rising ones on the New York Stock Exchange.

Defense contractors fell as investors worried that their revenue could be hit if the government shutdown drags on.

Volume was slightly heavier than usual at 3.2 billion shares.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…