Stocks slide as US shutdown enters a third day

NEW YORK (AP) — 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 percent, 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 percent, to 14,948. The Nasdaq fell 59 points, or 1.6 percent, 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 percent, to $114.94.

Tesla Motors slumped $12.65, or 7 percent, 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.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s