Wall Street ends lower on worries of prolonged shutdown

Reuters (3/10) - Wall Street retreated on Wednesday, the second day of a partial U.S. government shutdown, as political wrangling in Washington raised investor concerns that the stoppage could be prolonged. Adding to worries, a report showed private employers added fewer-than-expected jobs in September. Investors were looking for more guidance from this data because Friday's broader, government payrolls report will be delayed if no deal on the budget is reached by then. Losses were across the board, led by stocks in the industrial sector, which fell 0.4 percent. The shutdown fight is rapidly merging with a higher-stakes battle over the government's borrowing power that is expected to come to a head soon. The Treasury has said the United States will exhaust its borrowing authority no later than October 17. The Dow Jones industrial average .DJI was down 58.56 points, or 0.39 percent, at 15,133.14. The Standard & Poor's 500 Index .SPX was down 1.13 points, or 0.07 percent, at 1,693.87. The Nasdaq Composite Index .IXIC was down 2.96 points, or 0.08 percent, at 3,815.02. http://www.reuters.com/article/2013/10/02/us-markets-stocks-idUSBRE9890IQ20131002