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MarketWatch for Tuesday, October 1, 2013

If you're keeping on top of the stock markets this morning, Tuesday, October 1, 2013...
If you're keeping on top of the stock markets this morning, Tuesday, October 1, 2013...

The Nikkei is up 28 points today in trading in Tokyo.
On Wall Street, the Dow is down another 128 points with uncertainty over the government shutdown.
And the Nasdaq dropped 10.


The U.S. government began a partial shutdown at midnight, when the markets open later this morning, we'll see how worried investors react.
But, economists say it's unlikely we'll see significant damage to the economic recovery unless the government shutdown lasts more than a few days.

During the last shutdown the S&P 500 fell nearly 4 percent..
But the month after the shut-down ended,  stocks rebounded ten and a half percent.

Some of the indicators that drive the markets may not be available during the shutdown.  It's not clear whether the monthly unemployment report due Friday will be released on time. And, construction and factory order reports will be delayed.

And an early holiday present from Amazon. The world's largest online retailer is going on a hiring spree to keep up with demand over the holidays. Amazon says it will hire more than 70,000 full-time seasonal workers - that's up 40-perncet from a year ago.


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