Richard Drew, Associated Press
NEW YORK — The stock market is down sharply in early trading as the U.S. federal government appears headed for a partial shutdown.
The Dow Jones industrial average dropped 150 points to 15,107 shortly after the stock market opened Monday. The Standard & Poor's 500 index slid 15 points to 1,676. The Nasdaq composite tumbled 42 points to 3,739.
Investors are focused on the growing likelihood of a partial shutdown of the government on Tuesday unless Congress agrees to a new budget. There is little evidence of a thaw between the Democratic-controlled U.S. Senate and Republican-led House of Representatives over a budget.
Even if that hurdle is cleared, the Congressional dispute is poised to continue into the middle of October as legislators debate raising the nation's borrowing limit.
- What the Senate’s tax break extensions...
- About Utah: He un-retired and found a world...
- Heroes 2014: Columnist's hard-nosed, biblical...
- Gary (and Rose) Neeleman: Q and A with a...
- Largest quarterly GDP growth since 2003...
- N. Korea compares Obama to monkey in hacking row
- Should toy marketing be gender neutral?
- Food hubs link consumers with locally farmed...
- N. Korea compares Obama to monkey in... 9
- Sony announces limited release for 'The... 5
- Should toy marketing be gender neutral? 5
- Largest quarterly GDP growth since 2003... 5
- Low gas prices are great, but could be... 4
- What the Senate’s tax break... 4
- US consumer spending up solid 0.6 pct.... 1
- Guaranteeing results: College sees... 1