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D-FOX Developing Information

Stock market plunges as Wall Street braces for government shutdown

Lynsey_ADMIN_Lynsey_ADMIN_ Administrator
edited September 2013 in Daily News
The stock market is down sharply in early trading as the U.S. federal government appears headed for a partial shutdown.

The Dow Jones industrial average dropped 150 points to 15,107 shortly after the stock market opened Monday. The Standard & Poor's 500 index slid 15 points to 1,676. The Nasdaq composite tumbled 42 points to 3,739.

Investors are focused on the growing likelihood of a partial shutdown of the government on Tuesday unless Congress agrees to a new budget. There is little evidence of a thaw between the Democratic-controlled U.S. Senate and Republican-led House of Representatives over a budget.

"Before you embark on a Journey of Revenge, Dig Two Graves" Confucius (504 bc)
“The darkest places in hell are reserved for those who maintain their neutrality in times of moral crisis.”
"If angry, count to ten. This will give you time to find a weapon." - Will Spencer
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