October 3, 2013 -- 4:15 p.m. ET - 10/03/13
Stocks finished lower on Thursday. The Dow fell 137 points to close below 15,000 at 14996. The S&P 500 lost 15 points to 1678 while the NASDAQ shed 41 points to end the session at 3774. The major averages declinedas the government shutdown extended to a third day with lawmakers making little headway in reaching a budget agreement. Updates on the economy failed to provide a lift to the market. Shortly after the open, a report showed activity in the service sector slowedmore than forecasted in September. An earlier release revealed weekly jobless claims rose 1,000 to 308,000, less than the consensus projection of 315,000. All 10 sectors in the S&P 500 were down on the session. Utilities and industrials were the worst performinggroups. Exelon declined 1.8% to $29.17. United Technologies slipped 1.2% to $103.69 after saying it could furlough as many as 5,000 employees due to the government shutdown. Over in tech, Apple lost 1.3% to close at $483.41. Homebuilders retreated with PulteGroup falling 2.4% to $16.50. Shares of Constellation Brands advanced 3.2% to $60.15 after posting quarterly results above consensus estimates. Tenet Healthcare was a notable gainer climbing 5.4% to $46.27. Breadth was negative on issues by a 4-1 margin onthe NYSE and 3-1 on the NASDAQ. NYSE Composite volume totaled more than 3.2 billion shares. Treasuries were little changed with the 10-year note up 2/32 to yield 2.61%.
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