Wall Street Opens Lower On Debt Limit Concern

2013-01-15 6

Stocks opened lower on Tuesday (January 15) as investors fretted over the debate brewing in Washington over raising the U.S. borrowing limit as well as what is expected to be a lackluster earnings season.


The Dow Jones industrial average dropped 54.83 points, or 0.41 percent, to 13,452.49. The Standard & Poor's 500 Index lost 5.26 points, or 0.36 percent, to 1,465.42. The Nasdaq Composite Index fell 15.85 points, or 0.51 percent, to 3,101.68.

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