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3 Oct 2013
Wall Street gets its shutdown and declines hard
FXstreet.com (San Francisco) - The bleeding continues in the US stocks amid weaker than expected economic data, the government shutdown third day and the Congress shooting. Wall Street logged its second negative day on Thursday and turned red in the week, the Dow lost the 15,000 mark.
Furthermore, the Countdown to default started as speculations about a default started to hover over investors, hurting the sentiment and dragging the indices lower. The US congress must vote on debt ceiling by October 18th.
The Dow Jones declined 136.66 points or 0.90% to finish the day at 14,996.48; the S&P 500 performed its 9th negative day in the last 11 session after dropping 15.21 points or 0.90% to 1,678.66. The S&P managed to close the day above the 1,675 technical resistance.
The Nasdaq Composite lost 40.68 points or 1.07% to finish its second negative session at 3,774.34, still above the 3,200 key area.
Furthermore, the Countdown to default started as speculations about a default started to hover over investors, hurting the sentiment and dragging the indices lower. The US congress must vote on debt ceiling by October 18th.
The Dow Jones declined 136.66 points or 0.90% to finish the day at 14,996.48; the S&P 500 performed its 9th negative day in the last 11 session after dropping 15.21 points or 0.90% to 1,678.66. The S&P managed to close the day above the 1,675 technical resistance.
The Nasdaq Composite lost 40.68 points or 1.07% to finish its second negative session at 3,774.34, still above the 3,200 key area.