U.S. Stocks continue to decline as growing concern over Gov’t Shutdown

S&P 500 Falls Most in a Month on Services Data, Shutdown



Today – Thursday October 3rd, 2013

  • U.S. stocks declined today as government shutdown starts to effect companies because now companies have to let go of their workers, leading to a decline in the service industry, as 800,000 workers have been furloughed.
  • If this shutdown continues then  economic consequences of default be profound, those consequences, including high interest rates, reduced investment, higher debt payments, and slow economic growth, could last for more than a generation.
  • The U.S. government will default if they do not increase the debt ceiling by October 17th 2013, so now the government is battling two main issues, the shutdown and debt ceiling issue.

Categories: Equity Capital Markets

Tags: ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: