The Clinton Herald, Clinton, Iowa

October 4, 2013

Stocks fall on third day of shutdown

STEVE ROTHWELL AP Markets Writer
The Clinton Herald

---- — NEW YORK (AP) — Investors sold stocks across the board Thursday as a U.S. government shutdown dragged into a third day and the U.S. inched toward a deadline on raising the nation’s borrowing limit.

The Dow Jones industrial average fell close to 200 points by late morning as Republicans and Democrats appeared no closer to ending the budget impasse.

The Institute of Supply Management said that sales fell sharply, new orders dipped and hiring weakened at U.S. service companies.