Wednesday, Aug 24, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Stock market opens lower as debt talks continue

NEW YORK — Stocks are heading lower as lawmakers continue to work on a deal to avoid a U.S. default and reopen the government.

The Dow Jones industrial average was down 60 points, or 0.4 percent, at 15,241 after the first few minutes of trading today.

The Standard & Poor’s 500 index was down six points, or 0.4 percent, at 1,704. The Nasdaq composite fell four points, or 0.1 percent, to 3,812.

The U.S. is expected to reach its borrowing limit on Thursday, jeopardizing its ability to pay its bills. Meanwhile a partial shutdown of the government is in its 15th day.

Citigroup fell after reporting earnings that missed Wall Street’s expectations. Johnson & Johnson rose after reporting higher earnings than Wall Street was expecting.

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…