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Stocks fall as fears of protracted shutdown grow



Published: Wed, October 2, 2013 @ 6:27 p.m.

Stocks fall as fears of protracted shutdown grow

NEW YORK (AP) - Fear of a protracted U.S. government shutdown is making global investors increasingly nervous. U.S. and European stock markets fell today as investors and world leaders worried about the threat to the global economy. Europe’s top central banker called the partial shutdown “a risk if protracted.” Boston’s Federal Reserve Bank president cited the budget battle as a reason the Fed refused to pull back its economic stimulus last month, and President Barack Obama appeared on financial network CNBC to urge Congress to pass a budget and avoid derailing the nation’s economic recovery.


Comments

1AtownAugie(697 comments)posted 9 months, 1 week ago

Odd the poor jobs report from ADP rattling Wall Street wasn't mention. (Oh, wait: it's a story from Obama's cheerleaders, the AP. Never mind.)

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2rmzrez(114 comments)posted 9 months, 1 week ago

What a ^ss hole you are
You must be a TEA and fox guy .
Nobody would be that stupid who is not tea !!!

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376Ytown(1196 comments)posted 9 months, 1 week ago

http://finance.yahoo.com/blogs/hot-st...

The second day of the government shutdown seemed to give traders second thoughts. Stocks moved lower, with the Dow falling 0.4%, while the S&P 500 and Nasdaq edged lower by less than 0.10%. The lack of progress out of Washington suggests the stalemate could drag on at least until the middle of the month when the country is set to hit the current debt ceiling. Due to the shutdown, it's unlikely there will be a monthly jobs report for September released on Friday. Therefore this morning's ADP payroll report took on added significance. The report showed 166,000 private payrolls added for the month which was below estimates of 180,000 jobs.

The above article would lead you to believe that there was a shake-up in the stock market. Look at the chart...hardly a blip.

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