US Stocks Close Lower as Shutdown Continues


0  Updated at 3:13 pm, October 8th, 2013 By: ABC Digital
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iStock/Thinkstock(NEW YORK) — Washington’s budget gridlock and the risk of a U.S. default are driving the markets lower.
The Dow Jones Industrial Average closed down 159.71 points at 14,776.53. The Nasdaq gave up 76 points to close at 3,694.83. The S&P 500 lost 21 points, ending the session at 1,655.45.
It may cost more to heat your home this winter. Natural gas users can expect to pay 13 percent more than last year, an average of $679. Homes using oil could pay less than last year.
Shares of bankrupt electronics chain Tweeter surged as high as 15 cents on Friday when investors mistook them for Twitter, which announced an IPO last week.  Now the company’s stock is back down to a penny.  Regulators changed Tweeter’s symbol to avoid further confusion.
Copyright 2013 ABC News Radio

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