logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


Stocks Nudge Lower with No End to D.C. Showdown in Sight

By  +Follow October 2, 2013 2:15PM
Share:
Tickers Mentioned:

The tense atmosphere of uncertainty resulting from a second day of government shutdown on Wednesday proved to be too much for stocks, as indices were down across the board.

After Tuesday’s surprising rally, the Standard & Poor’s 500 was down 0.07 percent by the closing bell to 1,693.87 points, while the Dow Jones Industrial Average was off 0.39 percent to 15,133.14 points, and the NASDAQ edged down 0.08 percent to 3,815.02 points.

The partisan impasse currently forcing the federal government into skeleton crew-mode for going on two days now will cause key economic data generated by government institutions, considered “non-essential,” to be put on hold until the nation’s political system is back up and running. This has left investors with little else to go on but their own anxiety, even as the political class seems more unwilling, or unable, than ever to remedy the situation.

Economic data was not completely absent from the picture, however. The monthly private payrolls report from Automatic Processing Data (ADP) was released indicating that privately-owned US companies added 166,000 employees to the rolls during the month of September, a bit shy of the average of economists’ expectations of a gain of 180,000. The figure for August was revised down from the previous 176,000 figure to 159,000.

Basic Materials stocks were a major support to the S&P, with significant gains for The Mosaic Company (MOS) , Cliffs Natural Resources Inc. (CLF) , and United States Steel (X) . Still, the index ended lower under pressure from substantial losses for companies who benefit from their work with the government, including many in the industrial goods/defense sector; United Technologies ($UTX), Raytheon Co. (RTN) , and Lockheed Martin (LMT) were all lower by the closing bell.

On the Dow, Coca-Cola (KO) and American Express (AXP) suffered the day’s largest percentage declines behind United Technologies. On the other end of the index, Microsoft (MSFT) was up about one percent after Wednesday’s news of an effort to remove founder Bill Gates from the company’s Board of Directors.

On the NASDAQ, shares of video-game maker Electronic Arts Inc. (EA) dropped after the company’s announcement that its wildly popular NCAA-themed series of sports games would be discontinued next year as a result of a lawsuit from former college athletes. Tesla Motors Inc. (TSLA) was over 6 percent off after a video of one of its Model S sedans in flames after a relatively small accident went viral.

 

 

[Image Courtesy of Wikimedia Commons]

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Signup for our daily newsletter and get our best articles emailed right to you!

Results for TSLA
Ryan Mallory
31 Aug 15 22:02:01
Swing Trading Watch-List: $ANF $CREE $TPH $LEN $TSLA | SharePlanner http://t.co/7v15yANZcK
msputoptions
31 Aug 15 22:00:09
$TSLA http://t.co/IIxeT5cy6T
chris Conner
31 Aug 15 21:53:55
RT @CBOE: Actives on open @ CBOE: $AAPL $BAC $TWTR $FB $NFLX $XOM $FCX $C $TSLA
WLST.com
31 Aug 15 21:46:31
Large Inflow of Money Witnessed in Tesla Motors, Inc. - TickerLens $TSLA #TSLA http://t.co/S6DviHMrfm http://t.co/XG7E1FMBJ5
TickerLens Tesla
31 Aug 15 21:46:23
Large Inflow of Money Witnessed in Tesla Motors, Inc. http://t.co/4dAGDmvtst $TSLA
FinBuzz
31 Aug 15 21:45:51
Track crowd curated news & tweets for multiple tickers $YNDX $T $TSLA http://t.co/30F8K726Hf
Gaurav Panchal
31 Aug 15 21:42:10
$BMW $TSLA let's hope they don't kill the fun/adventure of driving. https://t.co/1n5R93CntC
TalkMarkets
31 Aug 15 21:39:03
#Tesla Signs Supply Deal With #Lithium Junior Miner $TSLA $BCRMF http://t.co/z7dSlSpH31
Thudder & Wicks
31 Aug 15 21:35:58
High-powered backers assemble top team at China's $TSLA rival http://t.co/9JzmIrivRz
Sean Salazar
31 Aug 15 21:27:32
RT @szaman: As a short term trader, I Would take cheap low float stock any day for % gain over measly $ gains on big cap like $tsla $nflx.
TSLA Speedreader
31 Aug 15 21:24:11
$TSLA #Tesla With Apple And Google Slipping, Big Cap Tech Looks Like Big Time Danger http://t.co/rLn4oEIOZ8
⠀
31 Aug 15 21:20:08
$TSLA http://t.co/2GM3RdJNph
ßuy ßlood
31 Aug 15 20:55:27
$TSLA Short setup. http://t.co/kUaXgxA1Wx
Garrett Jensen
31 Aug 15 20:35:20
RT @OphirGottlieb: $TSLA Why Tesla's Earnings and Future Now Abruptly Include Apple http://t.co/doGB2FFgl6 http://t.co/dyGEM15SGt
ABTURK
31 Aug 15 20:26:14
@STAUNCHWEALTH i am prepared have 112 $aapl put , 245 $tsla put and 187.5 $gs puts
afortunetraders
31 Aug 15 20:17:19
Holding half of $TSLA $PCLN and hedge on $BIDU. If we move bearish will have 2 put options to 1 call ratio. Account management important
ABTURK
31 Aug 15 19:54:12
@tim_cook and @jimcramer blocked me. thank you @TheBubbleBubble i am on the right path . i have put options $aapl $tsla $gs and futures down
FinBuzz
31 Aug 15 19:47:53
Track crowd curated news & tweets for multiple tickers $YNDX $T $TSLA http://t.co/30F8K726Hf
Capital Market Labs
31 Aug 15 19:32:24
$TWTR vs. $TSLA Head to Head http://t.co/reiVbcGgU3 http://t.co/NAukn3Tubc
John Turner
31 Aug 15 19:30:48
@instaforex Hi InstaForex,thks for FL see my last price target for $AAPL $TWTR $TSLA $GOOG on http://t.co/jecGILYuvO
FOREX Insight
31 Aug 15 19:28:52
RT @szaman: As a short term trader, I Would take cheap low float stock any day for % gain over measly $ gains on big cap like $tsla $nflx.
nobullshytrading
31 Aug 15 19:24:57
$SPY $DIA HOLEEY FAWK if $TSLA and $NFLX dont go down 2morrow i'll give up trayding...
Breaking News Now
31 Aug 15 19:22:02
$TSLA $F $GM: High-powered backers assemble top team at China’s Tesla rival: http://t.co/R0pCBpYh4W
NYC Trader
31 Aug 15 19:18:55
As a short term trader, I Would take cheap low float stock any day for % gain over measly $ gains on big cap like $tsla $nflx.
Capital Market Labs
31 Aug 15 19:17:49
$TSLA Very Poor Fundamental Rating http://t.co/CzaMWpZxdu http://t.co/JGIvMTC75a
WLST.com
31 Aug 15 19:01:54
Tesla Motors, Inc (TSLA) Model X Update and More - TickerLens $TSLA #TSLA http://t.co/S6DviI426U http://t.co/f9oujiRUib
InfoTrie
31 Aug 15 19:01:52
$TSLA:US Tesla To Secure Lithium For Its Gigafactory From Mexico #TESLA MOTORS INC http://t.co/S6zwGTEMmc #NASDAQ
TickerLens Tesla
31 Aug 15 19:01:10
Tesla Motors, Inc (TSLA) Model X Update and More http://t.co/xleJ4lyXfA $TSLA
cris mih
31 Aug 15 18:59:24
$pcln a short today when it faded from 1264. $nflx a short since Friday. $tsla round trip on the day, short as well
ABTURK
31 Aug 15 18:57:22
if $vix is over 22 better to have put options overnight and daily $aapl $fb $tsla $nflx $gs, @futures down sharlpy,pump $ms $aapl $tsla $fb
LearnBonds.com
31 Aug 15 18:42:59
Tesla Motors, Inc (TSLA) Model X Update and More http://t.co/8tPwY3Ljfx #modelx $TSLA
Bertel Schmitt
31 Aug 15 18:42:39
$TSLA Motors Inc (TSLA) Leaks Autopilot to Unlucky Model S Owner http://t.co/Wuwydv88e2 via @Learnbonds
Bertel Schmitt
31 Aug 15 18:36:54
US Rare Earth Minerals says it has no supply deal with $TSLA http://t.co/1WNxRZ5lkG via @Mining
FinBuzz
31 Aug 15 18:31:47
Track crowd curated news & tweets for multiple tickers $YNDX $T $TSLA http://t.co/30F8K726Hf
Jon Murphy
31 Aug 15 18:26:56
RT @GerberKawasaki: Have to say I'm a little jealous. It's really sweet. $tsla #modelx https://t.co/c9Vw5m4Y2j
PRC PSDVI & PARTNERS
31 Aug 15 18:19:37
RT @KristenScholer: Tesla has worst day in nearly two years http://t.co/yuRz8rKWYO $TSLA http://t.co/waxwEKFgSo
Ross Gerber
31 Aug 15 18:10:49
Have to say I'm a little jealous. It's really sweet. $tsla #modelx https://t.co/c9Vw5m4Y2j
Puerto Finanzas
31 Aug 15 18:08:02
[Señal Twitter EN] $TSLA - http://t.co/w0BQaz60MF http://t.co/fAdIjEoQYH
jpdragon
31 Aug 15 18:04:14
$USMN this remind me $RIVT. Same faulty news involve $TSLA http://t.co/x72F5W1mU7
Bertel Schmitt
31 Aug 15 18:02:34
$TSLA: "Somewhere between tone deaf and borderline illegal.” http://t.co/kRdCiJl0fE
Teslaliving
31 Aug 15 18:00:02
Delivery date assigned and Electric ready http://t.co/04u1p4TwI4 #Tesla $TSLA @TeslaMotors http://t.co/AgWWpwz2E2 http://t.co/5FL2XTeeao
tradewithjoe
31 Aug 15 17:59:42
Expecting a pullbacl. Easier trade is selling premium vs directional. $TSLA http://t.co/nwaCmCi2pB
AJ
31 Aug 15 17:37:46
@BrianSozzi I say we meet in D.C. Dec. Dow at 14K & bring rope. #NFL #MLB #PGA $CSX $XOM $TSLA $AAPL Jan. on Wall St. @OccupyWallStNYC
Metalbanker
31 Aug 15 17:24:37
$TSLA secures #Lithium supply for 'gigafactory' @ClaudiaAssisMW @MarketWatch http://t.co/XyDXPkaHce
ABTURK
31 Aug 15 17:18:39
RT @KymLang: $TSLA chart https://t.co/yP6AT78A60 via http://t.co/xwjHFVSbOf
WLST.com
31 Aug 15 17:16:33
US Rare Earth Minerals says it has no supply deal with Tesla - TickerLens $TSLA #TSLA http://t.co/S6DviHMrfm http://t.co/4LGQTkFyuG
TickerLens Tesla
31 Aug 15 17:16:21
US Rare Earth Minerals says it has no supply deal with Tesla http://t.co/pquIOlPMUP $TSLA
Anand Sharma
31 Aug 15 17:13:53
"@TheMtgBanker $TSLA http://t.co/Jl6Wi9xvRA" Wow!
Jason Olive
31 Aug 15 17:08:07
RT @SeekingAlpha: Why Tesla Motors Can Continue Beating Luxury Rivals In Europe http://t.co/l9zIZ0UBgU $TSLA
tradewithjoe
31 Aug 15 17:06:34
RT @HFTAlert: Look how aggressively they bought into the lows on $TSLA from the 21st on. Dark Pools the primary buyers.. $SPY http://t.co/…
				
				
By  +Follow October 2, 2013 2:15PM
Share:

Comments

 

blog comments powered by Disqus

 Today's Must Reads

Welcome to Equities.com's Small-Cap Throwdown


These Analysts Called Apple's (AAPL) Collapse, Here's What They're Saying Now

7 Dow Stocks Worth Owning and a Lot that Aren't

Sprint Turnaround Has Begun


Saving the

Small-Cap Market

 

Small-cap stocks offer investors many benefits, ranging from higher growth potential to overlooked value opportuni... in Equities.com's Hangs on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.

Login or Register

LOG IN