NEW YORK (AP) — The stock market is closing at its lowest level in a month as the U.S. government enters a second week of being partially shut down.
Investors fear the budget stalemate could prevent Congress from raising the government's borrowing limit by next week's deadline, bringing a threat of a debt default by the U.S.
The Dow Jones industrial average fell 136 points, or 0.9 percent, to close at 14,936 Monday.
The Standard & Poor's 500 index fell 14 points, or 0.9 percent, to 1,676, the lowest in a month.
The Nasdaq composite fell 37 points, or 1 percent, to 3,770.
Two stocks fell for every one that rose on the New York Stock Exchange. Volume was much lighter than usual at 2.6 billion shares.
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Governor Mike Pence and executives from Allegion announced Wednesday morning that the company will base its North American headquarters in Carmel, creating up to 100 new jobs by 2014.
For three decades there's been talk of a new Criminal Justice Complex for Indianapolis and Marion County. Now, leaders are saying it's time to take action.
A multi-vehicle accident on Interstate 65 shut down lanes Wednesday morning.