Stock market opens lower

US stock market opens lower as partial shutdown moves into second week

Associated Press
Stock market opens lower
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FILE - In this March 14, 2012, file photo, the red carpet of the North Portico is prepared for President Barack Obama and first lady Michelle Obama to welcome Britain's Prime Minister David Cameron and his wife Samantha to the White House for a State Dinner in Washington. Now in its second week, the partial government shutdown has taken its toll on the White House, where about 3 of 4 staffers have been furloughed, barred even from checking the Blackberries they usually clutch like worry beads. Of the 1,701 advisers, assistants, number-crunchers, butlers, chefs and landscapers who work at the White House on a normal day, fewer than 450 are on duty, according to Obama’s budget office. (AP Photo/Susan Walsh, File)

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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