September 17, 2014
NEW YORK (AP) - The stock market is closing at its lowest level in a month as the U.S. government enters a second week of being partially shut down.
Investors fear the budget stalemate could prevent Congress from raising the government's borrowing limit by next week's deadline, bringing a threat of a debt default by the U.S.
The Dow Jones industrial average fell 136 points, or 0.9 percent, to close at 14,936 Monday.
The Standard & Poor's 500 index fell 14 points, or 0.9 percent, to 1,676, the lowest in a month.
The Nasdaq composite fell 37 points, or 1 percent, to 3,770.
Two stocks fell for every one that rose on the New York Stock Exchange. Volume was much lighter than usual at 2.6 billion shares.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.