The shutdown is continued for its eighth date and the five hundred stocks went down by 0.4%. “On Monday, the Dow fell 136.34 points, or 0.9%, to 14,936.24 and the S&P 500 slumped 14.38 points, or 0.9%, to 1,676.12. The Nasdaq dropped 37.38 points, or 1%, to 3,770.38.” The investors want some kind of protection until the shutdown ends because if this continues to October 17th, the stocks are expected to fall even more.
In my analysis, the investors does not need to worry too much on falling stocks because the third-quarter earning season is soon coming and the analysts are expecting the rise of earnings compared to last year’s. Moreover, it is obvious that the stocks go down and it is only temporary so when the shutdown is over, the stocks will go back to where they were before.
http://www.usatoday.com/story/money/markets/2013/10/08/stocks-tuesday/2941339/
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