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.
Source: http://news.yahoo.com/stocks-slip-budget-talks-falter-washington-155732067--finance.html
Tags: Valerie Harper abigail breslin Claude Debussy UPS plane crash brandon jennings
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.