Sunday 10:57pm
November 23, 2014
Currently 53°F
Posted: Wednesday, October 2nd 2013 at 10:13am

Stock market stumbles in early trading

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
New York Stock Exchange
NEW YORK (AP) -- The stock market is opening lower as the government shutdown enters a second day with little hope for a resolution in sight.

Investors were also discouraged by a report showing that hiring was sluggish at U.S. businesses last month. (See separate story.)

The Dow Jones industrial average was down 99 points, or 0.7 percent, at 15,093 after the first few minutes of trading Wednesday.

The Standard & Poor's 500 index was down 10 points, or 0.6 percent, at 1,684. The Nasdaq composite fell 16 points, or 0.4 percent, to 3,801.

The yield on the 10-year Treasury note fell to 2.63 percent from 2.65 percent.

Monsanto fell $2.86, or 3 percent, to $102.07, after the company reported a wider loss than analysts were expecting because of weak sales of genetically engineered seeds.
© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.038045
icon
53°F
Gainesville, GA 30501
Overcast
Wind: South 5 mph
Dew point: 52°F