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.
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PHOTO: Trader Luke Scanlon scurries across the trading floor of the New York Stock Exchange Monday, Oct. 7, 2013. The stock market is opening sharply lower as the U.S. government heads into a second week of a partial shutdown with no signs of a budget agreement in sight. (AP Photo/Richard Drew)