U.S. News
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U.S. stocks tumbled as a report showed weaker-than-forecast growth in service industries and partial government shutdown entered a third day. Treasuries reversed losses, while gold pared an earlier slide.
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United Technologies Corp., a supplier of helicopters and jet engines to the U.S. military, said an extended government shutdown would force furloughs of as many as 5,000 workers.
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Tesla Motors Inc.’s stock pared declines at the close yesterday after the electric-car maker said an Oct. 1 fire in one of its vehicles was caused by a crash.
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Mark Cuban, the billionaire owner of a professional basketball team, TV network and art-house movie theater chain, began testifying in the U.S. Securities and Exchange Commission’s insider-trading case against him.
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