New York City - US stocks tracked international markets lower in opening trade Monday as the US budget stalemate entered its second week with the government partially shut down.
Five minutes into trade, the Dow Jones Industrial Average lost 134.22 (0.89 percent) at 14,938.36.
The broad-based S&P 500 sank 14.04 (0.83 percent) to 1,676.46, while the tech-rich Nasdaq Composite Index gave up 30.07 (0.79
percent) at 3,777.68.
There was no progress towards a resolution over the weekend, as Republicans and Democrats blamed each other for the standoff that forced a partial closure of the government since October 1.
Markets in Britain, France and Germany were all lower Monday, following losses in Hong Kong, Japan and Singapore.
“Clearly, there is still time to end the impasse, yet the lack of any semblance of progress in reaching a deal has created an unsettling backdrop to begin the week,” wrote analyst Patrick O'Hare in Briefing.com. - Sapa-AFP