Stock market opens lower
NEW YORK (AP) — The stock market is opening lower as the partial U.S. government shutdown moves into a second week.
The Dow Jones industrial average fell 50 points to 14,886 shortly after trading began Tuesday. The Standard & Poor’s 500 index slipped four points to 1,672. The Nasdaq composite was down seven points to 3,763.
The S&P 500 index fell to its lowest close in a month Monday, with no signs from Washington that a partial government that began a week ago would end soon, or that a deal to raise the debt ceiling would be reached.
Shares of fruit smoothie maker Jamba dropped $2.95, or 22 percent, to $10.52 in early trading after the company cut its fiscal 2013 forecast, saying lower consumer spending hurt third-quarter sales.