Stock market sinks as US government shutdown drags on for a third day
Posted Oct 3, 2013 12:05:35 PM.
This article is more than 5 years old.
NEW YORK, N.Y. – The stock market is sliding to its lowest level in a month as a partial shutdown of the U.S. government enters a third day.
The Standard & Poor’s 500 index dropped 22 points, or 1.3 per cent, to 1,671 as of noon Eastern Time, its lowest level since Sept. 9.
The Dow Jones industrial average fell 184 points, or 1.2 per cent, to 14,948. The Nasdaq fell 59 points, or 1.6 per cent, to 3,755.
Industrial companies led the market lower. Boeing fell the most of the 30 companies in the Dow, giving up $2.90, or 2.5 per cent, to $114.94.
Tesla Motors slumped $12.65, or 7 per cent, to $168.21 after the electric car company got a rare downgrade from a financial analyst and on news of a fire involving one of its cars.
