October 2, 2013 -- 4:15 p.m. ET - 10/02/13

Stocks finished off their lows on Wednesday. The Dow recovered from a 147 point decline to close down 59 points at 15133. The S&P 500 slipped a point to 1693. The NASDAQ lost 3 points to 3815. The major averages-ended today's session in negative territory as the partial shutdown of the U.S. government entered a second day. Weaker-than-expected labor data also provided a headwind to the market. Before the open, the ADP reported private payrolls increased 166,000 inSeptember, less than the consensus projection for an 180,000 increase. Telecom fell the most on todays session. Verizon was down $0.20 to $46.79. T was off $0.12 to $33.94. Industrials also weighed on market action amid weakness in defense contractors. Sharesof United Technologies fell 2.2% to $104.98. Lockheed Martin lost 1.9% to $125.08. Consumer staples traded down with Monsanto declining 1.0% to $104.04 after posting a wider-than-expected quarterly loss and reduced its full year forecast. Materials and energywere the best performing sectors in the S&P 500 today. Freeport McMoRan climbed 1.8% to $33.51 as metal prices advanced. Hess gained 1.6% to $79.96. Over in tech, Microsoft added $0.34 to $33.92. Apple rose 0.3% to $489.56. Breadth was negative on issues by5-4 on NYSE and 3-2 on the NASDAQ. Composite NYSE volume totaled more than 3.1 billion shares. Treasuries were higher with the 10-year note up 9/32 to yield 2.62%.

 

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