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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
Cutlass
30 Mar 15 15:24:35
@MarketSwingPlay Then I checked $TSLA again and it was up over $6. What a call to make. I am amazed
Stock Trade Alerts
30 Mar 15 15:24:16
After-Hours Stock Movers 03/30: $DRYS $TSLA $HLT Higher; $EGY $SNTA $TCK Lower (more...) http://t.co/eDpk60zedK ~ via @AlertTrade
Sufiy
30 Mar 15 15:23:21
RT @NewsAAPL: Rising Chinese powerhouses in #lithium industry. https://t.co/sEr0uQ6nZz #EV $TSLA $AAPL $GOOG $BIDU $BABA $ILHMF… http://t.c…
Sufiy
30 Mar 15 15:23:12
RT @ILCtsxv: Rising Chinese powerhouses in #lithium industry. https://t.co/wVm4tSb8eQ #EV $TSLA $AAPL $GOOG $BIDU $BABA $ILHMF $TRRXF
Cutlass
30 Mar 15 15:23:00
@MarketSwingPlay You said this about $SPY & $TSLA yesterday. Today $SPY went up $2.40 but, $TSLA was down $1.89.
FlashRatingsHOT
30 Mar 15 15:22:59
$TSLA has 5 analyst ratings in the last 7 days. Median target: $385 https://t.co/R75KYE6nSI #TSLA
Sufiy
30 Mar 15 15:22:25
RT @LobanovaNatalie: “@TNR_Gold: Rare Earth Elements: Simple Commodity Or Strategic Vulnerability? https://t.co/ewTHU0XUaL #REE $TRRXF $MC…
InsideMarkets
30 Mar 15 15:22:15
$TSLA starved for revenue and profits is reaching to new fantasy home power storage market. More unicorn farts and pissing rainbows.
Alpha Maven
30 Mar 15 15:21:37
RT @chessNwine: NEW POST: Stock Market Recap 03/30/15 {Video} http://t.co/dE3uMDlyj2 $BBRY $ONCE $OVAS $TCK $TSLA
David Bergin
30 Mar 15 15:21:33
RT @Fibonacciqueen: $TSLA This timing was in the last update...it's funny how today's comments coincided with this time/price support! http…
Jason Fifield
30 Mar 15 15:21:29
RT @Benzinga: Is Tesla About To Announce A Motorcycle? $PCRFY $TSLA http://t.co/hA2cInWZLZ
DK1
30 Mar 15 15:19:03
$TSLA http://t.co/WblGXPCgBL
NICK Poulopoulos
30 Mar 15 15:19:00
Bullish watchlist $CSX into earnings $ORCl calls $JCP $TSLA $CSCO $m $SLTD ( $OCAT bid size A/H) interesting
David Moreau Simard
30 Mar 15 15:17:03
RT @StockTwits: Here's what a single tweet from Elon Musk can do to Tesla. $TSLA +2.5% -> http://t.co/e36O5nJ0Z8 http://t.co/5mAVpBU5Yb
Causal Nexus
30 Mar 15 15:16:53
@GuyAdami So how is it that the price action in $TSLA indicates Musk has "something up his sleeve"?
El Duque
30 Mar 15 15:16:47
Doesn't today make $TSLA a pump-and-dump pink sheet stock then?
Ophir Gottlieb
30 Mar 15 15:15:39
(8/10) #8 $TSLA. Here Comes the R&D Interact --> http://t.co/rfTNjj3vjb http://t.co/XX59QXkC1G
efinancialpub.com
30 Mar 15 15:15:13
RT @Street_Insider: After-Hours Stock Movers 03/30: $DRYS $TSLA $HLT Higher; $EGY $SNTA $TCK Lower (more...) http://t.co/kIJIg305DH
John Lekas
30 Mar 15 15:13:51
A personal battery pack coming from Tesla? $TSLA http://t.co/TwMcBkJY6i via @barronsonline
NjaC
30 Mar 15 15:13:38
Someone else said it best when they said that $TSLA would lose valuable people who have shares / options that are underwater. #stockpump
leahanne
30 Mar 15 15:13:35
Volume Alert - TSLA 190.57 Tesla Motors $TSLA Hit a high today of 192.25 Closing the day 03/30/15 at 190.57 +5 http://t.co/1Af0eCZeGP
$WWE
30 Mar 15 15:13:27
RT theflynews: On The Fly: Closing Wrap $UNH $CTRX $TEVA $ASPX $HZNP $HPTX $TSLA $SCTY $ICEL $ADMP $WWE: Full Stor… http://t.co/XWSkjKcdhz
Brad Moseley
30 Mar 15 15:13:21
RT @RudyHavenstein: UPDATE: I am upgrading Tesla to "extreme panic buy" on fundamentals, i.e., Elon Musk's latest tweet. $TSLA
leahanne
30 Mar 15 15:13:13
$TSLA Volume Alert - TSLA Stock 190.57 Tesla Motors $TSLA Hit a high today of 192.25 Closing the day 03/30/15 at 190 http://t.co/wmfz7wQBHB
Perfor Mance
30 Mar 15 15:12:11
Option Millionaires: jimmybob: $SCTY $TSLA : http://t.co/qm43jrqo5w http://t.co/X2Fj4GjoNy
Stockjock
30 Mar 15 15:11:45
@zman0002 Very positive news for $Tsla - China kicks in stock off too races
WallStreetMainStreet
30 Mar 15 15:11:29
@Fibonacciqueen I love the timing supports! Nice call! $tsla
anthony brown
30 Mar 15 15:10:12
@mrjongullett @stockguy22 Good luck with that. A lot of what I see you're saying has been said about $TSLA for over 5 years.
anthony brown
30 Mar 15 15:09:14
@mrjongullett @stockguy22 I can see from your stream, you have a pretty strong emotional bias against $TSLA. Thats been a good trade lately.
Stock Hobbit
30 Mar 15 15:09:08
What #sector will you #invest in today? http://t.co/ndv5bWOOj4 $TSLA $SINA $GRMN $SSYS http://t.co/mp1UARsvFr
Cutlass
30 Mar 15 15:08:24
RT @MarketSwingPlay: $TSLA The Bears sizzled and popped. Oops know support and resistance then you won't get fried. Cheers :D
Cutlass
30 Mar 15 15:08:15
RT @MarketSwingPlay: $TSLA Goal is to time trades right before Big Moves. No holding options longer than a few days. Profit 300-500% Perfe…
Joseph Rubinchak
30 Mar 15 15:08:07
@Fibonacciqueen what sort of targets do you have on $tsla? I took 1/3 off on the jump in after hours but I'm looking for a test of 200.
Ray Buckner, IAR
30 Mar 15 15:07:49
RT @StockTwits: Here's what a single tweet from Elon Musk can do to Tesla. $TSLA +2.5% -> http://t.co/e36O5nJ0Z8 http://t.co/5mAVpBU5Yb
TSLA Speedreader
30 Mar 15 15:07:30
$TSLA #Tesla This is may be what Tesla’s mystery product is http://t.co/mXWpWbrk3X
Investing Insight
30 Mar 15 15:07:00
barronsonline: A personal battery pack coming from Tesla? $TSLA http://t.co/n6HfKY3V13
MarketSwingPlayer
30 Mar 15 15:05:35
$TSLA The Bears sizzled and popped. Oops know support and resistance then you won't get fried. Cheers :D
Stock Prop
30 Mar 15 15:05:28
RT @AmazingPatterns: @StockProp $TSLA Back at ya Stock Prop http://t.co/2JFH4C4np6
George EQ Johnson
30 Mar 15 15:05:23
@NnjaCe @morrajuana @markbspiegel as it is, Panasonic will not invest a penny in $TSLA
Stockguy22
30 Mar 15 15:05:16
Have a great evening Everyone! #AfterHours Movers Up $BAMM $TSLA Down $GV $EGY $INSM $ARGS $ICON http://t.co/qYHOC2rK7W
Prognosis Stock
30 Mar 15 15:04:20
RT @Fibonacciqueen: $TSLA This timing was in the last update...it's funny how today's comments coincided with this time/price support! http…
Michael Kelly
30 Mar 15 15:03:12
$TSLA China sales up 130%-150% in March. So they sold like 25 cars. Awesome.
Garage Traders
30 Mar 15 15:02:51
RT @Street_Insider: After-Hours Stock Movers 03/30: $DRYS $TSLA $HLT Higher; $EGY $SNTA $TCK Lower (more...) http://t.co/kIJIg305DH
anthony brown
30 Mar 15 15:02:14
@mrjongullett @stockguy22 The reason $TSLA is doing the gigafactory is because there aren't enough batteries in the world.
Streetinsider.com
30 Mar 15 15:02:08
After-Hours Stock Movers 03/30: $DRYS $TSLA $HLT Higher; $EGY $SNTA $TCK Lower (more...) http://t.co/kIJIg305DH
FlowerPower
30 Mar 15 15:01:03
#FastMoneyEspresso FINAL TRADES: Brian Kelly—> buy $SPY Dan Nathan —> buy $INTC April puts Karen Finerman —> buy $C Guy Adami —> buy $TSLA
Cynthia S Boots
30 Mar 15 15:01:02
RT @RudyHavenstein: UPDATE: I am upgrading Tesla to "extreme panic buy" on fundamentals, i.e., Elon Musk's latest tweet. $TSLA
Option Millionaires
30 Mar 15 15:00:44
RT @barronsonline: A personal battery pack coming from Tesla? $TSLA http://t.co/G8ND3hA5ew
Sentiquant
30 Mar 15 14:59:53
#toptickertweets $SPY $AAPL $TSLA $BBRY $TWTR $GENE $FB $FXI $ALTR $SLTD #sentiquant 20150330 18:00:02:366
JW
30 Mar 15 14:58:25
RT @Fibonacciqueen: $TSLA This timing was in the last update...it's funny how today's comments coincided with this time/price support! http…
				
				
By  +Follow October 2, 2013 2:15PM
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