Show your support by donating any amount. (Note: We are still technically a for-profit company, so your
contribution is not tax-deductible.)
PayPal Acct: 
Feedback: 
Donate to VoyForums (PayPal):
| [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, [4], 5, 6, 7, 8, 9, 10 ] |
Subject:  Monday 30/9/2013=The Dow Jones Industrial Average declined sharply. |
|
Author: Wednesday 26/6/2013 Rudd defeats Gillard ==J Gillard=Opera House ABC24 newsMonday30/9 Tue 1/10/13 | [ Next Thread |
Previous Thread |
Next Message |
Previous Message
] Date Posted: 01:29:58 10/01/13 Tue US Markets Market MoversDow 30NASDAQ 100SectorsStocks tumble on government shutdown worries, Dow at 3-week low Text Size Published: Monday, 30 Sep 2013 | 10:17 AM ET By: JeeYeon Park | CNBC.com Stock Market Writer 129 2 Share Stocks tumbled sharply Monday, with the Dow touching a three-week low,as increasing worries over a government shutdown at the end of the day weighed on global markets. Political turmoil in Italy also curbed investor sentiment after Silvio Berlusconi, the leader of the center-right party, ordered a number of his ministers to resign from the cabinet on Saturday, throwing the government into chaos. (Read More: Italy faces new elections and economic turmoil, analysts warn) U.S. Treasurys ticked higher, driven by a bid for safe haven assets. Dow Jones Industrial Average Name Price Change %Change DJIA Dow Jones Industrial Average 15146.04 -112.20 -0.74% S&P 500 S&P 500 Index 1681.50 -10.25 -0.61% NASDAQ Nasdaq Composite Index 3760.91 -20.69 -0.55% The Dow Jones Industrial Average declined sharply. All 30 Dow components were lower, dragged by Goldman Sachs and Nike. The S&P 500 and the Nasdaq also slumped. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped above 17. Most key S&P sectors were in the red, dragged by financials and energy. Play VideoWhat happens if Congress fails to reach compromise? Not everything will come to a halt right away but hundreds of thousands of government workers will be placed on unpaid leave, reports CNBC's Hampton Pearson.The country is facing its first government shutdown in 17 years, with only a few hours left for the House to pass a stand-alone spending bill which will fund the government through to December 15. Budget spending must be agreed by Congress before Tuesday, to prevent a shutdown which could force federal employees to take unpaid leave. (Read more: DC 'shenanigans' may cap stock gains: Bob Doll) Last week, major averages logged their first weekly drop since August with investors nervous over a potential shutdown. "Just as one arguing couple can ruin a large dinner party, the sight of a dysfunctional political process is an unwelcomed development for investor confidence in stocks," wrote Nicholas Colas, chief market strategist at ConvergEx Group. "If and when a government shutdown starts, the clock will start ticking on lower GDP growth rates and reductions in corporate earnings." Many government employees will be furloughed by the absence of a deal, and if the shutdown takes place the Labor Department will postpone issuing its closely-watched monthly employment report scheduled for Friday. On the economic front, he pace of business activity in the U.S. Midwest increased to 55.7 in September from 53.0 in August, according to the Institute for Supply Management-Chicago. A reading above 50 indicates expansion in the regional economy. The Dallas Federal Reserve manufacturing survey will be published at 10:30 am ET. Paychex is the only notable company scheduled to post earnings after the closing bell. Play VideoGovernment 'monkey wrench' could cause market troubles: Doll Ben Bernake smelled "shenanigans" coming out of Washington and decided not to taper, says Bob Doll, Nuveen Asset Management, discussing the looming government shutdown and its probable impact on the economy.Apple CEO Tim Cook is expected to meet with billionaire investor Carl Icahn, presumably to talk about the tech giant's future stock buyback plans. Separately, Interbrand's annual Global Brands report ranked Apple as the most valuable for the first time, displacing perennial number one Coca-Cola. Disappointing economic data from China also sapped investors' appetite for risk. China's final reading of manufacturing activity from HSBC came in at 50.2 in September, lower from a preliminary reading of 51.2 earlier this month. Still, the data was higher from August's 50.1 reading. The Chinese Shanghai Composite outperformed as the region's sole gainer, while Japan's Nikkei index closed down 2 percent. "This is as good as it gets for the time being. The data reflects the stimulus over the summer but don't expect too sharp an acceleration from here," said Frederic Neumann, co-head of Asian economic research at HSBC. The pan-European FTSEurofirst 300 was down nearly 1 percent. The Italian blue-chip FTSE MIB index dropped approximately 1.5 percent, suffering its worst session in nearly six weeks. —By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC) On Tap This Week: MONDAY: Dallas Fed mfg survey, new Kindle ships TUESDAY: PMI mfg index, ISM mfg index, construction spending, auto sales; Earnings from Walgreen, Global Payments WEDNESDAY: Mortgage applications, ADP employment report, Bernanke speaks, Dell event; Earnings from Monsanto THURSDAY: Challenger job-cut report, jobless claims, factory orders, ISM non-mfg index, natural gas inventories, Fed's Fisher speaks, Fed Gov Powell speaks, Fed balance sheet/money supply; Earnings from Constellation Brands FRIDAY: Nonfarm payrolls, Fed's Kocherlakota speaks What's Trending on CNBC.com: Sweet! Bees help bottom line at hotels, airports What is a BlackBerry user to do, now? India braces for unprecedented 'silver tsunami' 129 2 Share Print Email Stocks tumbled sharply Monday, with the Dow touching a three-week low,as increasing worries over a government shutdown at the end of the day weighed on global markets. Related Safe haven bid drives US bond prices Asia hit by China PMI, US fears; Shanghai bucks trend Italian turmoil sends European stocks down Poll: How will you trade the S&P 500? Government shutdown worries Wall Street China September HSBC PMI at 50.2 Italy threatens EU's newfound calm DC shenanigans may cap stocks: Bob Doll Shanghai's free trade zone - What's the hype about? Why Big Jobs Friday may temporarily be on hold Italy faces new elections and economic turmoil Safe!: This car model tops crash avoidance tests The 10 richest states in America Bees are busy at hotels and airports What is a BlackBerry user to do, now? India braces for unprecedented ‘silver tsunami’ Government 'monkey wrench' could cause market troubles: Doll What happens if Congress fails to reach compromise? Markets Dow Jones Industrial Average S&P 500 Index Nasdaq Composite Index Pre-Markets Katy Barnato U.S. 10 Year Treasury Paychex Inc Apple Inc The Coca-Cola Co Stocks Economy Price Change %Change DJIA 15146.04 -112.20 -0.74% S&P 500 1681.50 -10.25 -0.61% NASDAQ 3760.91 -20.69 -0.55% US 10-YR 2.62 -0.006 0% PAYX 40.37 0.02 0.05% AAPL 478.39 -4.36 -0.90% KO 38.0163 -0.3837 -1.00% Sponsored Best Roth IRA Retirement Calculator Stocks To Buy Now Real Estate Investments Guaranteed Business LoansHigh Yield Savings Account 10 Stocks To Buy Dividend Income Funds High CD Rates Business Financial Services 98 Comments Total Comments sidfeinberg | Sep 30, 2013 06:40 AM ET The Republicans are orchestrating a collapse of society. Tuesday will be catastrophic unless we stop the Republicans in their tracks. In the fights we're in, the cards are stacked against us -- the special-interest groups have unbelievable budgets. Think about the Koch brothers, who are on a personal mission to tear down Obamacare. Or the gun lobby, which fought tooth and nail against common-sense gun violence prevention measures We must defeat the Republicans , »Report Abuse sidfeinberg | Sep 30, 2013 06:57 AM ET http://www.youtube.com/watch?v=R7cRsfW0Jv8&list=PLs2QceHTXzgzzxtFeycNmTbPYWSzOnStV The Coke brothers have crossed a line. Their latest anti-Obamacare ads aren't subtle -- they've got images of a creepy Uncle Sam in a doctor's office, apparently taking advantage of unsuspecting patients. It's a despicable way to do something pretty despicable: trying to scare Americans out of getting health insurance. They talk about Obamacare like it's the plot from a horror movie -- pretty bold coming from a shadowy organization that won't disclose where it gets its money. The fact is, Obamacare is helping millions of Americans get the security that comes with knowing they and their families can afford health insurance. Let's be sure people don't believe this crap. http://www.youtube.com/watch?v=R7cRsfW0Jv8&list=PLs2Q »Report Abuse benne4 | Sep 30, 2013 07:07 AM ET Sid's fired up today! Go on Sid, get some. »Report Abuse BloodyStumpMan | Sep 30, 2013 07:20 AM ET Almost as creepy as the Burger King King...LOL »Report Abuse clumpystumpy_trollhowlhour | Sep 30, 2013 07:26 AM ET aaaaaaaaaaaaaaaaaaarrrroooooooooooooooooooooo!!! »Report Abuse benne4 | Sep 30, 2013 07:26 AM ET yup they should redo it with the Burger king king. At the Gyno? Why not have a whopper too? »Report Abuse Stinkybubble | Sep 30, 2013 07:28 AM ET Sid! Sid! Sid! »Report Abuse 720MP | Sep 30, 2013 07:31 AM ET Koch Industries ah the stories I could tell about them »Report Abuse Stinkybubble | Sep 30, 2013 07:41 AM ET We are headed in a downward death spiral lead by the Rethuglican party. Obamacare exchanges will open tomorrow and maybe the idiots will back down. Where is the Rethuglican health plan? »Report Abuse LarryKudblow | Sep 30, 2013 07:42 AM ET Sid is in fire today. Its those evil Democrats causing the shutdown. They all went short late Friday afternoon and need a giant stock market loss to make a killing. A good Republican would NEVER stoop this low...... »Report Abuse More Comments « First | « Previous1 | 2 | 3 | 4 | 5of 10Next » | Last » Add Comments Please Sign In or Register to participate. Your Comments (Up to 1100 characters): Please sign-in/optin or register to be able to submit comments. Remaining characters 1100 Preview Comment CNBC welcomes your contribution. Please respect our community and the integrity of its participants. CNBC reserves the right to moderate and approve your comment. Your comments have not been posted yet. Please review your submission to make sure you are comfortable with your entry. Your Comments: Edit Comment Submit Comment More From US Stock Indexes Commodities Treasurys Market Insider with Patti Domm The 'what me worry' market downplays a shutdown Early movers: AAPL, PNRA, CL, BBRY, SNE, BA & more NYSE-ICE merger near closing Early movers: JCP, MKC, BBRY, C, CPB, HTZ & more Pre-merger activity in Stryker/Mako options: Najarian NetNet Relax. The markets aren't running on QE anyway It's Fed Day: Here's what to watch for Taper off! Fed keeps foot on the easy money pedal Layoffs at Chesapeake just keep coming Summers out, sentiment up—watch out: Yoshikami Trader Talk with Bob Pisani The 'what me worry' market downplays a shutdown NYSE-ICE merger near closing Snap out of it! Budget debates are a real risk Big-cap stocks churn, small-cap stocks rally to new highs Street suffering from 'fiscal fear fatigue' Futures Now Gartman: The gov't can't ruin this rally, buy stocks Why October will be good for bonds: Pro Futures Now, September 26, 2013 Gartman: Why I'm buying stocks Why gold can't get going: Pro Fast Money Mad Money with Jim Cramer Cramer’s week ahead: DC heat melts market? Join Cramer for his 2000th show Cramer: Biggest blockbuster drug in ages? Cramer spies growth ‘far as the eye can see’ Cramer: Re/Max and other big IPOs coming next week Fast Money 'The best play here going forward is gold': Trader What's the trade on Yahoo? Stock Pops & Drops Your first trade for Monday An intoxicating guide for Q4 Options Action The Final Call Options Action Web Extra: Are bonds a bust? Big trouble for small caps? Are defense stocks vulnerable? Is the consumer tapped out? Top News & Analysis Will 11th hour bill keep the lights on temporarily? Cramer: It's time to take money off the table DC ‘shenanigans’ may cap stock gains: Bob Doll On the brink: Senate to meet as shutdown looms US government shutdown: How will markets react? Most Popular Stories If US shutdown helps deal with debt—do it US shutdown may create buying opportunity Italian turmoil sends European stocks down No Big Jobs Friday?! Shutdown the thought How to make money through year-end? Goldman has tips Most Popular Video Santelli: Dollar index raises technical eyebrows US not able to pay bills? 'How embarrassing': Rivlin Yen will remain rangebound: Pro Too late to buy in Delta & Southwest? Inside the 'Versailles' mansion Most Shared Warning: Many US watersheds failing stress test If US shutdown helps deal with debt—do it China September HSBC PMI well below flash estimate US shutdown may create buying opportunity US crude may breach $100 on Iran progress Sponsored Retirement Income Funds Good Stocks To Invest Stocks To Invest In Penny Stocks To Watch Best Medicare Plans Online Depression Help [ Next Thread | Previous Thread | Next Message | Previous Message ] |
|
Forum timezone: GMT+10 VF Version: 3.00b, ConfDB: Before posting please read our privacy policy. VoyForums(tm) is a Free Service from Voyager Info-Systems. Copyright © 1998-2019 Voyager Info-Systems. All Rights Reserved. |