Tuesday, 1 October 2013

Stocks close lower as government shutdown looms

By: | CNBC.com Stock Market Writer
                

Stocks finished sharply lower Monday, as the budget impasse in Washington threatened the first government shutdown in nearly 17 years, but major indexes still capped a rocky month and quarter with robust gains
The Dow Jones Industrial Average slumped 128.57 points, to close at 15,129.67, dragged by P&G and United Tech. The blue-chip index has dropped for the seventh day in eighth.

The S&P 500 declined 10.20 points to finish at 1,681.55. And the Nasdaq fell 10.12 points to end at 3,771.48.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped near 17.



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