Equities Mid-Day Stock Market Roundup: Government Shutdown Imminent?

Equities Editors Desk |

Barack Obama Government ShutdownStocks in the U.S. are trading mostly flat today as the battle over a government shutdown hangs over the heads of taxpayers, officials and Wall Street. In response to yesterday's shutdown threat, the White House outlined some of the dire consequences that could happen as a result.In addition to federal offices closing down operations, an estimated 800,000 government workers would be asked to go on furlough, essentially dropping employment rate and household incomes throughout the country as the economy is still trying to recover. In addition, small businesses and taxpayers will have to wait for their forms, tax returns and other vital documents to be processed. U.S. soldiers in the nation's foreign war zones would also stop receiving paychecks. But with the current spending bill due to expire at the end of this business week, the pressure is on to find a resolution that doesn't involve complete anarchy.

Major U.S. Stock Indices

Dow Jones Industrial Average: 12,408.66 (+0.12 percent)
S&P 500: 1,331.87 (-0.06 percent)
Nasdaq Composite: 2,788.57 (-0.09 percent)
Russell 2000: 852.07 (-0.15 percent)

In other news:

  • The government has shutdown before. The last time was in 1995. Here's what happened. [CNN Money]
  • The Buffett bashing continues. [Smart Money]
  • Silver has been red hot for the last two years. Could a silver bubble be forming? [Minyanville]
  • Insider trading isn't just for public companies. Private ones--like Facebook--can do it too! [NY Times]
  • Smoking is so last century. But is there life after Asia for Big Tobacco? [Economist]

Check back as more news develops.


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


Symbol Name Price Change % Volume
LTS Ladenburg Thalmann Financial Services Inc 2.22 0.00 0.00 35


Emerging Growth

New Age Farm Inc.

New Age Farm Inc is engaged in the development of the agriculture based business in Langley, British Columbia.

Private Markets

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…


Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…