U.S. stocks opened lower Tuesday amid worries over a potential government shutdown and higher Treasury yields. The Dow Jones Industrial Average DJIA, -0.60% was down 0.6% soon after the opening bell, while the S&P 500 SPX, -0.88% shed 0.7% and the Nasdaq Composite COMP, -1.04% dropped 0.7%, according to FactSet data, at last check. Investors are watching for Congress to pass a budget by Saturday or risk a U.S.
government shutdown. Moody’s has said that a shutdown “would demonstrate the significant constraints that intensifying political polarization put on fiscal policymaking at a time of declining fiscal strength, driven by widening fiscal deficits and deteriorating debt affordability.” Meanwhile, ten-year Treasury yields were down slightly on Tuesday at around 4.51%, after on Monday ending at the highest level since October 17, 2007.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Dow in late dash higher as Amazon climb helps tech shake funk By Investing.comStock Market Today: Dow in late dash higher as Amazon climb helps tech shake funk
Read more »