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U.S. stocks down Gov’t Shutdown Disappointing Private Sector Job Growth Report

October 2, 2013

Debt ceiling fears hurts stocks

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Today – Wednesday October 2nd, 2013

  • U.S. stocks down due to weak jobs report. In the month of September the U.S. economy PRIVATE SECTOR roughly added 166,000 jobs, when it was expected to make at least 180,000 jobs. Due to not meeting expectations U.S. stocks declined.
  • U.S. stocks also declined due to government shutdown. President Obama and members of Congress met today, but no deal or agreement came out of that, thus the U.S. is heading for third day of government shutdown tomorrow.
  • Worries aren’t over, if Congress fails to raise the debt ceiling, the U.S. government will be unable to pay all of its bills later this month. Debt ceiling deadline is October 17th, 2013.
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