NEW YORK, N.Y. - The stock market is falling as a partial shutdown of the US government continues and after a payroll company reported weak hiring last month.
The Dow Jones industrial average was down 85 points, or 0.6 per cent, at 15,106 as of noon Eastern time Wednesday. It fell as much as 147 points earlier.
The Standard & Poor's 500 index was down seven points, or 0.4 per cent, at 1,688. The Nasdaq composite fell 11 points, or 0.3 per cent, to 3,807.
The yield on the 10-year Treasury note fell to 2.60 per cent from 2.65 per cent late Tuesday.
Defence contractors were among the biggest losers as investors worried that the government shutdown wouldn't be resolved quickly.
Raytheon fell $2.04, or 2.6 per cent, to $75.76 and Lockheed Martin fell $3.08, or 2.4 per cent, to $124.41.
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