Stocks Slide As Capitol Hill Standoff Drags On

NEW YORK (October 7, 2013)—Stocks closed at their lowest level in a month Monday as the U.S. government entered the second week of a partial government shutdown.

Investors fear the budget stalemate could prevent Congress from raising the government's borrowing limit by next week's deadline, bringing a threat of a debt default by the U.S.

The Dow Jones industrial average fell 136 points, or 0.9 percent, to close at 14,936 Monday.

The Standard & Poor's 500 index fell 14 points, or 0.9 percent, to end at 1,676, the lowest in a month.

The Nasdaq composite fell 37 points, or 1 percent, to close at 3,770.

Two stocks fell for every one that rose on the New York Stock Exchange where volume was much lighter than usual at 2.6 billion shares.

KWTX-TV News 10 6700 American Plaza Waco, Texas 76712 (254) 776-1330 Fax (254) 751-1088
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 226803321 -
Gray Television, Inc.