US stock indices started Thursday in the red zone since the US Congress had failed to compromise with Obama’s administration on the 2014 draft budget. The governmental furlough may continue. In order to approve the draft budget necessary for governmental financing, it is necessary to find a compromise, with isn’t still the case. Until than there is no point in waiting for any stabilization or growth in financial markets. Meanwhile, the ISM Non-Manufacturing declined in September down to the lowest level since June (54.4 points).
Dow Jones Industrial Average lost 0,51% to decline down to15055,29 on Thursday. At the same time, Standard & Poor's 500 declined by 0,53% down to 1684,96 while Nasdaq Composite saw its value decline by 0,34% down to3802,24.
The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of the US stock market:
