Stock trends moved lower through the majority of the last trading session this
week. Things started off optimistically as stock futures were positioned higher
and stocks appeared ready for a rally. Trending dropped off significantly just
after open on Friday and apprehensions related to the approaching government
shutdown pulled index composites in a negative direction. The Dow Jones hit its
lowest point just prior to close for the day, then climbed higher during the
last hour, but ultimately ended in the red. All three major index composites in
the U.S. ended in the red for the day. The Dow Jones ended the day lower by .24
percent to finished red at 12,380.05. The Nasdaq ended the session lower by .56
percent to post an ended day mark in the red at 2,780.42. The S&P 500 finished
lower by .40 percent in the red at 1,328.17. The threat of the government
shutdown loomed all day and applied negative pressure to the last open trading
session of the week. After session close Friday, news spread of a deal the would
keep the government active. Reports spread that congress had reached another
short-term spending deal and that it would be enough to keep the government
functioning through next Friday. Author: Frank Matto
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