NEW YORK — The stock market is closing slightly lower as investors weigh the possibility that political gridlock may keep the government partially closed for some time.
Investors were also discouraged by hiring last month that was weaker than many expected.
The Dow Jones industrial average fell 58 points, or 0.4 percent, to 15,133 today. It was down as much as 147 points earlier.
The Standard & Poor’s 500 index fell a point, or 0.1 percent, to 1,693. The Nasdaq composite fell three points, or 0.1 percent, to 3,815.
Defense contractors fell as investors worried that the government shutdown, which entered its second day today, wouldn’t be resolved quickly.
More stocks fell than rose on the New York Stock Exchange. Trading volume was average at 3.1 billion shares.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.