Wednesday 2 October 2013

INQUIRER.net: US stocks fall as shutdown stokes uncertainty

INQUIRER.net
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US stocks fall as shutdown stokes uncertainty
Oct 2nd 2013, 23:29

NEW YORK CITY—US stocks fell Wednesday as the reality of the government shutdown depressed markets and raised concerns about the possibility of a US debt default due to political gridlock.   The Dow Jones Industrial Average fell 58.56 points (0.39 percent) to 15,133.14.   The broad-based S&P 500 slipped 1.13 (0.07 percent) to 1,693.87, while the tech-rich Nasdaq Composite Index gave up 2.96 (0.08 percent) at 3,815.02.   The losses were a reversal from Tuesday, the first day of the partial government shutdown, when US stocks advanced on hopes that battling Republicans and Democrats in the US Congress would reach a budget compromise soon to fund o...

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