partlycloudy
Saturday August 1st, 2015 4:23PM

Stocks open sharply lower as US nears shutdown

By The Associated Press
NEW YORK (AP) -- The stock market was down sharply in early trading as the U.S. federal government appears headed for a partial shutdown.

The Dow Jones industrial average dropped 150 points to 15,107 shortly after the stock market opened Monday. The Standard & Poor's 500 index slid 15 points to 1,676. The Nasdaq composite tumbled 42 points to 3,739.

Investors are focused on the growing likelihood of a partial shutdown of the government on Tuesday unless Congress agrees to a new budget. There is little evidence of a thaw between the Democratic-controlled U.S. Senate and Republican-led House of Representatives over a budget.

Even if that hurdle is cleared, the Congressional dispute is poised to continue into the middle of October as legislators debate raising the nation's borrowing limit.
© Copyright 2015 AccessWDUN.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 This material may not be published, broadcast, rewritten, or redistributed without permission.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
Confederate flag support rally held at Stone Mountain Park
Hundreds of people gathered at Stone Mountain Park, just outside Atlanta, to rally in support of the Confederate battle flag.
By Associated Press
4:00PM ( 23 minutes ago )
Film crew shoots Dare Stones docu-drama at Brenau
A local legend is returning to the small screen while a film crew shoots a docu-drama about the Dare Stones on the Brenau University campus.
1:46PM ( 2 hours ago )
GMRC Workforce Development Center career coach to visit Hall, Forsyth counties in August
A "mobile career coach" will be on hand at several locations in Hall and Forsyth counties in August to help anyone looking for a job.
By AccessWDUN Staff
11:28AM ( 4 hours ago )
UPDATE: Oakwood, Flowery Branch police may have suspect in business scam
The Oakwood and Flowery Branch police departments have been working together to bring charges against a woman who has allegedly been trying to scam area businesses out of cash.
11:00AM ( 5 hours ago )
GOP proposes protections for clergy on gay marriage
A top-ranking Republican leader wants to make clear that Georgia clergy can refuse to perform gay marriages, a protection they already enjoy under the U.S. Constitution.
By Associated Press
6:48AM ( 9 hours ago )