News Column

Stocks Falter as Budget Talks Stall

October 14, 2013

Associated Press

NEW YORK (AP) The stock market is slipping after a breakdown in budget talks in Washington brought the nation closer to a potentially disastrous default on its debt.

There was also no immediate hope Monday for reopening the U.S. government, which was entering a third week of partial shutdown.

Negotiations to clear a path for a new budget agreement ended at an impasse over the weekend.

The Dow Jones industrial average was down 31 points, or 0.2 percent, at 15,205 in midday trading Monday.

The Standard & Poor's 500 index was down three points, or 0.2 percent, at 1,700. The Nasdaq composite was down a fraction at 3,791.

Bond trading is closed Monday for Columbus Day.

Earnings season goes into high gear this week. Coca-Cola, Johnson & Johnson and Citigroup report results Tuesday.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Original headline: Stocks slip as budget talks falter in Washington


For more stories covering business, please see HispanicBusiness' Business Channel



Source: Copyright 2013 The Associated Press. All rights reserved.


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters