Sunday 7:33am
March 01, 2015
Currently 34°F
Posted: Tuesday, October 8th 2013 at 12:30pm

Midday stocks down as investors wait on Washington

By The Associated Press
click to enlarge
NEW YORK (AP) -- Stocks are falling again on Wall Street as investors wait to see if Washington can resolve the budget gridlock that is bringing the United States closer to an unprecedented default on its debt.

The impasse over the government shutdown and raising the country's borrowing limit showed no signs of breaking Tuesday.

House Republicans have insisted that any temporary funding bill contain concessions on President Barack Obama's health care law.

The Standard & Poors 500 index fell 12 points, or 0.8 percent, to 1,663 as of noon Tuesday. It's headed for its 11th loss out of the last 14 days.

The Dow Jones industrial average was down 83 points, or 0.6 percent, at 14,853.

The Nasdaq composite fell 57 points, or 1.5 percent, to 3,712.
© Copyright 2015
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 This material may not be published, broadcast, rewritten, or redistributed without permission.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
Gainesville, GA 30501
Wind: ENE 9 mph
Dew point: 32°F