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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
LEN YOUNG
6 Jul 15 08:48:34
RT @kirillklip: Tesla Gigafactory And The Geopolitics of Lithium Production. http://t.co/pyGcgng9OE $TSLA $LIT $SQM $FMC $GM $F $ILHMF $TRR…
AnatoliiRadchenko
6 Jul 15 08:47:09
$tsla пробую найти локальный хай
R Murray MD CFII
6 Jul 15 08:46:11
RT @ACInvestorBlog: Watch $TSLA over 282.45 http://t.co/WmcR73XumV
Victor Zubarev
6 Jul 15 08:45:24
Besides $NFLX #Netflix, there is $TSLA #Tesla, 280.65 and it's 144d MA=220.36 Recent Buy-the-Dips: 6/5, 6/15, 6/22, 6/29 @Eternity100000
FORECASTIS
6 Jul 15 08:42:39
$TSLA Next 10 days http://t.co/hX4zYogQFz
Elaine Benes
6 Jul 15 08:40:35
RT @ACInvestorBlog: Watch $TSLA over 282.45 http://t.co/WmcR73XumV
David M
6 Jul 15 08:39:21
@sspencer_smb are you out of this $tsla trade?
ProTradersNews
6 Jul 15 08:39:05
$AAPL $TSLA $ORCL: Buy These Three Stocks on Any Greece-Related Weakness - Global ...: http://t.co/NaO0MRu4Pp
Chase
6 Jul 15 08:37:10
RT @markbspiegel: SEC regs wouldn't allow $TSLA to "prime the market" ahead of a follow-on stock offering.
Chase
6 Jul 15 08:37:08
RT @markbspiegel: If $TSLA really did cancel from a conference (& I have no idea if it did), it would only be to dump a massive stock offer…
Antonio Costa
6 Jul 15 08:36:39
Watch $TSLA over 282.45 http://t.co/WmcR73XumV
djflowmaster
6 Jul 15 08:35:22
RT @SwatOptions: $TSLA need above 282.45 to breakout into 290s http://t.co/xYrXrFEwK7
Brian Gallo
6 Jul 15 08:35:21
How many Sundays in a row will Twitter overreact to nonstory ? $FB $TSLA ATH.
Nathan Guo
6 Jul 15 08:35:08
@itsKunalSheth $TSLA is the highest performer in my portfolio right now, even beating out my v profitable china shorts!
InTheMoneyBitch
6 Jul 15 08:34:39
Commented on StockTwits: Hows this for some "Bullshit"? $STUDY $TSLA http://t.co/u82OvzGZCa http://t.co/fMe5nuDs2I
Jersey Drew
6 Jul 15 08:33:50
RT @SwatOptions: $TSLA need above 282.45 to breakout into 290s http://t.co/xYrXrFEwK7
Mark B. Spiegel
6 Jul 15 08:33:29
SEC regs wouldn't allow $TSLA to "prime the market" ahead of a follow-on stock offering.
Mark B. Spiegel
6 Jul 15 08:32:50
If $TSLA really did cancel from a conference (& I have no idea if it did), it would only be to dump a massive stock offering on the market.
Cutlass
6 Jul 15 08:32:19
RT @surinotes: $TSLA Inv. HS pattern, Targets http://t.co/yAD5PumBWB
suriNotes
6 Jul 15 08:31:50
$TSLA Inv. HS pattern, Targets http://t.co/yAD5PumBWB
Media Sentiment
6 Jul 15 08:31:46
$TSLA received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 188
K.Sheth
6 Jul 15 08:31:15
Top 3 reasons to short $TSLA : 1. Don't 2. 3.
Sir Q
6 Jul 15 08:30:05
RT @PipsToDollars: $tsla up $6 in early pre market. $TSLA Tesla Reports Delivery of 11.507K Vehicles in Q2!! @TeslaMotors Model S Deliveri…
Elaine Benes
6 Jul 15 08:28:59
$TSLA 282.45 was high on Thursday, early in the day. If that breaks, ATHs are imminent. Calls bought on dip this AM at a blue light special.
Venky Srinivasan
6 Jul 15 08:28:24
$TSLA on the move. No position.
Cutlass
6 Jul 15 08:27:59
RT @SwatOptions: $TSLA need above 282.45 to breakout into 290s http://t.co/xYrXrFEwK7
Dave Wan
6 Jul 15 08:27:44
RT @SwatOptions: $TSLA need above 282.45 to breakout into 290s http://t.co/xYrXrFEwK7
ProVesting
6 Jul 15 08:27:02
$TSLA: Tesla Hits 10-Month High on Record Vehicle Deliveries in Q2: http://t.co/7gb8eesqRM
Options Network
6 Jul 15 08:26:28
$TSLA need above 282.45 to breakout into 290s http://t.co/xYrXrFEwK7
K.Sheth
6 Jul 15 08:26:24
RT @TwoSmuth: that feeling when the index is down big but you're short $TSLA
John Ly
6 Jul 15 08:26:12
$tsla added to 285 calls on 280 break
Bethany
6 Jul 15 08:26:08
$tsla calls
dan hecht
6 Jul 15 08:26:06
$TSLA nice move
Leilani Pips™
6 Jul 15 08:25:54
$tsla
oobie
6 Jul 15 08:25:25
$TSLA 285 @ 2.1
Gavin Martinsson
6 Jul 15 08:25:13
$TSLA it is forbidden to short.
Johnny Trades
6 Jul 15 08:22:39
@robseab Check my bud post @OpenOutcrier $TSLA Hearing canceled out of Conference chatter (Careful these have all been BS lately)
G
6 Jul 15 08:21:44
$TSLA just a monster..Just trading the mo mo and not even thinking beyond that
Leta Fulton
6 Jul 15 08:18:08
RT @BoardCentral: Twitter Stock buzz: $SUTI $BTC $BTCUSD $EURUSD $TSLA (02:30 pm) #stocks #finance #stockmarket #StockPicks
WLST.com
6 Jul 15 08:17:49
Morning Stock Trends: QUALCOMM Incorporated (QCOM), Goodrich Petroleum Corp. (GDP ... - TickerLens $TSLA #TSLA #wlst http://t.co/14qhMuDwRB
WLST.com
6 Jul 15 08:17:43
Tesla Motors, Inc. (NASDAQ:TSLA) Has Growing Public And Social Opinion On Its Side- Alexion ... - TickerLens $TSLA http://t.co/7sHWRRmZDZ
TickerLens Tesla
6 Jul 15 08:17:40
Morning Stock Trends: QUALCOMM Incorporated (QCOM), Goodrich Petroleum Corp. (GDP … http://t.co/XInmgVk01B $TSLA
TickerLens Tesla
6 Jul 15 08:17:32
Tesla Motors, Inc. (NASDAQ:TSLA) Has Growing Public And Social Opinion On Its Side… http://t.co/5HZIKeKGrv $TSLA
Johnny Trades
6 Jul 15 08:17:23
$TSLA Oh the rumor on Cancelling conference. Please who looking to get out of pos w/ this news. Lets ride know your Risk
Ernesto Castellote
6 Jul 15 08:16:58
Ringgit Breaches Asian Financial Crisis Peg (VIDEO) http://t.co/MDscYmYJYs #stocks $qasp $wwav $ES $rmti $TSLA $yelp http://t.co/kwOyV8GxxB
InTheMoneyBitch
6 Jul 15 08:16:51
$TSLA officially green for the day.
Jersey Drew
6 Jul 15 08:16:44
RT @OpenOutcrier: $TSLA Hearing canceled out of Conference chatter (Careful these have all been BS lately)
dan hecht
6 Jul 15 08:16:37
RT @OpenOutcrier: $TSLA Hearing canceled out of Conference chatter (Careful these have all been BS lately)
Nick Smith
6 Jul 15 08:16:19
$TSLA canceled conference chatter
Open Outcrier
6 Jul 15 08:16:08
$TSLA Hearing canceled out of Conference chatter (Careful these have all been BS lately)
				
				
By  +Follow October 2, 2013 2:15PM
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