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

By  +Follow October 2, 2013 2:15PM
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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]

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Results for TSLA
Matt Sanderson
21 Apr 15 03:40:44
Does @AnteoTech have the nano key to help this mega industry evolve? http://t.co/oYJdDMgYI8 $TSLA #Nanotech @Anteodx #lithium_batteries
Wall St Bully Max $$
21 Apr 15 03:39:13
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Wall St Bully Max $$
21 Apr 15 03:38:37
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21 Apr 15 03:37:11
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Wincrease Team
21 Apr 15 03:36:27
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Alpha Maven
21 Apr 15 03:28:34
RT @IBDinvestors: Tesla Motors' Model X rollout may be so slow, it'll gather moss http://t.co/vk22i4kMUM $TSLA $GOOGL http://t.co/5mQLshxpKp
Anthony
21 Apr 15 03:27:38
RT @Benzinga: Top analyst: Auto environment improved last quarter $F $GM $TSLA http://t.co/BsIQep3oIs
Kirill Klip
21 Apr 15 03:18:08
Highly Charged EV Drama - Why Elon Musk Nearly Sold Tesla to Google. https://t.co/b6mlHXkmQz $TSLA $GOOG $AAPL
Apple Defense
21 Apr 15 03:16:01
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$ Hedge Fund AI $
21 Apr 15 03:09:38
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Sufiy
21 Apr 15 03:07:05
RT @ILCtsxv: #Tesla Gigafactory: ”Elon Musk Can Convert the Unthinkable Into Reality.“ https://t.co/9JReuScvYd $TSLA $GOOG $AAPL
Sufiy
21 Apr 15 03:06:55
RT @ILCtsxv: Elon Musk Interview: World Needs Hundreds of Gigafactories. https://t.co/0UcwxdNtPG $TSLA $AAPL $GOOG
Sufiy
21 Apr 15 03:06:52
RT @ILCtsxv: Elon Musk Q&A At #Tesla Motors International Auto Show Event. https://t.co/JHZRbB7SK9 $TSLA $GOOG $AAPL
Sufiy
21 Apr 15 03:06:28
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Sufiy
21 Apr 15 03:06:09
RT @ILCtsxv: Elon Musk Thinks #Tesla Will Be As Big As Apple In 10 years. https://t.co/U0JID3zpal $TSLA $GOOG $AAPL
Sufiy
21 Apr 15 03:06:08
RT @ILCtsxv: Conversation With Elon Musk In Detroit On Electric Cars And Rock Bottom Oil Prices. https://t.co/dsrmOcMkjW $TSLA $GOOG $AAPL
Sufiy
21 Apr 15 03:04:22
RT @TNR_Gold: Highly Charged EV Drama - Why Elon Musk Nearly Sold Tesla to Google. http://t.co/04KLTH29AI $TSLA $GOOG
Wincrease Team
21 Apr 15 03:04:06
$TSLA Tesla wants to retest-a 210 - http://t.co/PzZjgI0neg
Cutlass
21 Apr 15 03:01:39
RT @OsirisWealth: Will be watching $TSLA closely too, an entry tomorrow or Wednesday seems likely.
Rosner Stocks
21 Apr 15 02:55:12
$MCP Stock Forum Updated Tuesday, April 21, 2015 04:59:23 AM $TZA $TSLA $EEM $GDXJ http://t.co/n9eOCQ1ura
Finance Weekly
21 Apr 15 02:44:12
RT @olimjotom: RT @Boursier_com: Tesla : aurait failli se vendre à Google pour 6 Mds$ ! #bourse #finance $TSLA http://t.co/849rQwcCtE
Warren Bouffi
21 Apr 15 02:44:04
$TSLA Tesla aurait failli se vendre à #Google pour 6 Mds$ http://t.co/xULfJAKJRs
Olivier Rosblack
21 Apr 15 02:43:07
RT @Boursier_com: Tesla : aurait failli se vendre à Google pour 6 Mds$ ! #bourse #finance $TSLA http://t.co/849rQwcCtE
Eric Schrieb
21 Apr 15 02:42:18
Tesla : aurait failli se vendre à Google pour 6 Mds$ ! #bourse #finance $TSLA http://t.co/3TBk5rgc3b http://t.co/3TBk5rgc3b via Boursier_com
Boursier.com
21 Apr 15 02:41:31
Tesla : aurait failli se vendre à Google pour 6 Mds$ ! #bourse #finance $TSLA http://t.co/DjX7ViTLJX
IH News Desk
21 Apr 15 02:41:08
$QLD Percent Change Updated Tuesday, April 21, 2015 05:11:27 AM $CELG $PFE $PZOO $TSLA http://t.co/X6edlF52nR
IH News Desk
21 Apr 15 02:41:05
$MCP News Updated Tuesday, April 21, 2015 05:11:27 AM $XLU $PZOO $TSLA $KR http://t.co/8A4Wmu89LZ
Тихий Трейдер
21 Apr 15 02:21:03
@BoredElonMusk однажды предположил,что @google купит $TSLA.Согласно новой книге,это случится в следующем месяце. http://t.co/Uiy5CmTL3P
Marko Hristov
21 Apr 15 02:17:48
Norway to review electric car subsidies as sales soar http://t.co/sL3eeNKSyw via @Reuters $TSLA
TradingTricks
21 Apr 15 02:02:57
RT @MarketWatch: A book due out next month makes a surprise claim about Tesla. And it involves Google. http://t.co/KJDSklHOUG $TSLA $GOOG
PolgarStocks
21 Apr 15 01:54:14
$TSLA Stock Message Board Updated Tuesday, April 21, 2015 04:07:27 AM $BABA $SPXL $BAC $MCP http://t.co/VuY6CUQStE
Alpha Maven
21 Apr 15 01:29:21
RT @MarketWatch: A book due out next month makes a surprise claim about Tesla. And it involves Google. http://t.co/KJDSklHOUG $TSLA $GOOG
11WallSt
21 Apr 15 01:24:52
http://t.co/4HNI5z1a2m Trends $MS $9.9B quarter Investors bet on Fed continuing #ZIRP EU to charge #Gazprom #Musk thought of selling $TSLA
TradingDVDs
21 Apr 15 01:20:11
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Alpha Maven
21 Apr 15 01:13:07
RT @JustinPulitzer: $TSLA 100MA has been resistance… over should trigger a squeeze, but wait for it! Even if it happens in a gap. Anticipat…
OM_giveaways
21 Apr 15 00:55:06
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Read_this_n0w
21 Apr 15 00:48:22
$AMSC Announces U.S. Navy's Intention to Order High Temperature Superconductor (HTS) Equipment $SCON $GE $TSLA
Stock Hobbit
21 Apr 15 00:39:05
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Club retreats
21 Apr 15 00:18:16
@cvpayne #askpayne so buy $TSLA on a 10% dip around $187?
Osiris Trading
21 Apr 15 00:17:05
Will be watching $TSLA closely too, an entry tomorrow or Wednesday seems likely.
TalkMarkets Recap
21 Apr 15 00:09:05
Straight Talk Money: Electric Cars, China, And More @charlesizemore $TSLA $GM http://t.co/kZfsbr4kQE
$ Hedge Fund AI $
21 Apr 15 00:00:07
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Capital Market Labs
20 Apr 15 23:54:03
$TSLA vs. $KNDI vs. $HOG vs. $F Compared Across 9 Critical Measures http://t.co/yJVjfKUYFM http://t.co/U2rg46rJsI
TV_Trading Ideas
20 Apr 15 23:50:44
How To Trade Tesla With Limited Risk $TSLA http://t.co/42cJBlLwvk
FinSentS NASDAQ
20 Apr 15 23:26:56
$TSLA:US Has Elon Musk Turned Tesla Around? #TESLA MOTORS INC http://t.co/wpgljYxbKd #NASDAQ
Alpha Maven
20 Apr 15 23:23:42
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PolgarStocks
20 Apr 15 22:51:05
$IBB Stock Forum Updated Tuesday, April 21, 2015 01:07:25 AM $VEU $TSLA $MDY $AXP http://t.co/fJQzJqlnb4
Keith
20 Apr 15 22:44:49
Connected cars and broadband wars $GM $BAMXY $VLKAY $NSANY $TSLA $MBLY $NVDA $AMBA $SWKS $SBUX http://t.co/KKqzXWbCVW
Capital Market Labs
20 Apr 15 22:39:04
$F vs. $THO vs. $TSLA vs. $GM Compared Across 9 Critical Measures http://t.co/xedhToIa8N http://t.co/oVrbCzhhhL
Future Tech Investor
20 Apr 15 22:31:01
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By  +Follow October 2, 2013 2:15PM
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