FILE - In this Wednesday, Oct. 2, 2013 file photo, trader Kevin Walsh works on the floor of the New York Stock Exchange. Stock futures were rebounding before the opening bell Friday, Oct. 4, from a significant sell-off over the past two days, but major averages that have been rattled by the partial government shutdown appear to be headed for a weekly loss. (AP Photo/Richard Drew, File)
Stock market is on track for another losing week
The Associated Press
First Published Oct 04 2013 08:12 am • Last Updated Oct 04 2013 08:12 am
New York » Stocks are inching higher in early trading, but the market is still on track for a second losing week in a row.
Investors have been discouraged this week as political wrangling over the new health care law led to a partial shutdown of the government that is now in its fourth day.
The Dow Jones industrial average was up 17 points, or 0.1 percent, to 15,013 after the first few minutes of trading Friday.
The Standard & Poor’s 500 index was up three points, or 0.2 percent, at 1,682. The Nasdaq composite was up 15 points, or 0.4 percent, at 3,790.
The S&P has finished higher only twice in the past 11 days as disgust over the budget impasse grows. The index is down 0.5 percent for the week.
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