Good News for BlackBerry and BP, Analyst Defends Tesla: Market Recap

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U.S. stocks fell as concerns grew that the government shutdown could lead to a recession. Talks between President Obama and congressional leaders haven’t showed any progress towards reaching an agreement on the budget. Data released today showed that growth in the service industries was less than had been expected. The Institute for Supply Management’s non-manufacturing index dropped to 54.4 in September from 58.6 in August. The Labor Department won’t release the September payrolls report tomorrow because of the shutdown.

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Gold: -0.25% to $1,317.40 per ounce Oil: -1.00% to $103.06 per barrel U.S. 10-Year: -0.76 to 2.606%