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.