clear
Thursday May 7th, 2015 5:44AM

Another triple-digit loss for the Dow

By The Associated Press
NEW YORK (AP) -- The stock market closed sharply lower Tuesday as budget gridlock in Washington brings the U.S. closer to a default on its debt.

The impasse over the government shutdown and raising the country's borrowing limit showed no signs of breaking Tuesday.

House Republicans have insisted that any temporary funding bill contain concessions on President Barack Obama's health care law.

The Standard & Poor's 500 index closed down 20 points, or 1.2 percent, to close at 1,655.45. It was the 11th loss in the last 14 days, and the index's biggest drop in six weeks.

The Dow Jones industrial average was down 159 points, or 1.1 percent, to 14,776.53.

The Nasdaq composite fell 75 points, or 2 percent, to 3,694.83, also the largest drop in six weeks.
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
S&P 500 index has its best year since 1997
The stock market closed out a record year with more all-time highs on Tuesday, giving U.S. indexes their biggest annual gains in almost two decades.
6:56PM ( 1 year ago )
Colorado readies for 'Green Wednesday' pot sales
Police were adding extra patrols around pot shops in eight Colorado towns that plan to allow recreational sales to anyone over 21 on Jan. 1.
1:52PM ( 1 year ago )
Kerry seeks framework for Mideast peace talks
A senior State Department official says Secretary of State John Kerry will try this week to get Israel and the Palestinians to agree on a framework for negotiating a final peace agreement, yet cautions against raising expectations for Kerry's latest round of shuttle diplomacy.
1:35PM ( 1 year ago )
U.S. News
Missing Ga. bank director arrested in Brunswick
A bank director accused of losing millions of investors' dollars before vanishing last year was arrested Tuesday during a traffic stop in a city in south Georgia.
7:00PM ( 1 year ago )
Amtrak to suspend some Crescent service in Jan., Feb.
Amtrak service will shut down in parts of the Southeast for several days in January and February for rail maintenance by Norfolk Southern Railway.
9:00AM ( 1 year ago )
Lung cancer scans urged for some smokers, not all
Certain current or former heavy smokers should start getting yearly scans for lung cancer to cut their risk of death from the nation's top cancer killer, government advisers said Monday - even as they stressed that the tests aren't for everyone.
7:26AM ( 1 year ago )
Business News
Sex offender held in Hall County for failing to register
A 47-year-old man was booked into the Hall County Jail Tuesday, being held without bond for allegedly failing to register as a sex offender, his second such arrest.
6:09PM ( 1 year ago )
Pharmacy robberies may involve same suspect
Oakwood Police Tuesday afternoon released details in a pharmacy robbery they're investigating, similar to one that happened in the Hall County Tuesday morning.
5:46PM ( 1 year ago )
Victim critical following apartment fire
A 41-year-old woman was in critical but stable condition Tuesday after being rescued from an apartment fire in Forsyth County late Monday afternoon.
3:16PM ( 1 year ago )
Local/State News
Feeling US snub, Saudis strengthen ties elsewhere
Increasingly vocal in its frustration over U.S. policies in the Mideast, Saudi Arabia is strengthening ties elsewhere, seeking out an alignment that will bolster its position after it was pushed to the sidelines this year.
4:34PM ( 1 year ago )
NSA reportedly intercepts computer deliveries
A German magazine has lifted the lid on the operations of the National Security Agency's hacker unit, revealing how American spies intercepted computer deliveries, exploited hardware vulnerabilities, and even hijacked Microsoft's bug report system to spy on their targets.
12:31PM ( 1 year ago )
Rockets fired from Lebanon into Israel
Rockets from Lebanon struck northern Israel on Sunday, causing no injuries but sparking an Israeli reprisal shelling in a rare flare-up between the two countries.
12:26PM ( 1 year ago )
Politics
Georgia sheriff charged in shooting of real estate agent
LAWRENCEVILLE, Ga. (AP) — A Georgia sheriff has been charged with reckless conduct in the shooting of a real estate agent as prosecutors look into his statement that he was conducting police training...
4:26AM ( 1 hour ago )
Deal signs watered-down craft breweries bill
Gov. Nathan Deal has signed a watered-down bill allowing craft breweries to let customers take home as much as 72 ounces of beer, or the equivalent of a six-pack, but only as a "souvenir.''
6:09PM ( 11 hours ago )
Brush fires along I-85 in Gwinnett Co. cause problems for motorists
The brush fires that were burning along an estimated six-mile stretch of I-85 southbound have now been extinguished and the road is reopened.
By Staff
4:00PM ( 13 hours ago )
Ride-hailing regulation bill gets Gov.'s signature
Ride-hailing services such as Uber and Lyft, which connect riders with drivers by means of a smartphone app, will soon have to comply with some Georgia regulations under legislation signed Wednesday by Gov. Nathan Deal.
By Associated Press
2:37PM ( 15 hours ago )
Fire destroys Jackson Co. home
A Jackson County family lost everything in a house fire Tuesday afternoon, according to EMS Director Steve Nichols.
11:59AM ( 17 hours ago )