{"id":5682,"date":"2018-12-20T22:05:50","date_gmt":"2018-12-20T22:05:50","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/shutdown-threat-adds-to-wall-street-woe\/"},"modified":"2018-12-20T22:05:50","modified_gmt":"2018-12-20T22:05:50","slug":"shutdown-threat-adds-to-wall-street-woe","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/shutdown-threat-adds-to-wall-street-woe\/","title":{"rendered":"Shutdown threat adds to Wall Street woe"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape has-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"US President Donald Trump is applauded during a signing ceremony for the Agriculture Improvement Act of 2018 at the White House on December 20, 2019 in Washington, DC. (\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/178A4\/production\/_104902469_hi051276810.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">AFP\/Getty<\/span><\/p>\n<p>            <\/span><figcaption class=\"media-caption\"><span class=\"off-screen\">Image caption<\/span><br \/>\n                <span class=\"media-caption__text\"><br \/>\n                    Donald Trump said he wanted the funding bill to include more money for &#8220;border security&#8221;<br \/>\n                <\/span><br \/>\n            <\/figcaption><\/figure>\n<p class=\"story-body__introduction\">Wall Street shares closed at their lowest levels in roughly 14 months on Thursday, as the threat of a government shutdown added to wider investor angst.<\/p>\n<p>Losses accelerated around midday, as Republicans said President Donald Trump would not sign the current bill to fund the government.<\/p>\n<p>Shares rebounded a bit but fell again as Mr Trump spoke about his decision.<\/p>\n<p>The blue-chip Dow Jones index sank 2%, while the S&amp;P 500 and the tech-heavy Nasdaq ended about 1.6% lower.<\/p>\n<p>The three major indexes are now down 6% or more since the start of 2018.<\/p>\n<p>Mr Trump&#8217;s statement on Thursday that he will not sign a funding bill without more money for border security added to the worries about global growth, rising interest rates and trade that have rocked markets in recent weeks.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.com\/news\/business-46515773\" class=\"story-body__link\">What&#8217;s knocked markets off course?<\/a><\/li>\n<\/ul>\n<p>While the threatened government shutdown would affect only a small portion of operations, it could still shave about $1.2bn off GDP for each week the government is closed, according to analysts at S&amp;P Global Ratings.<\/p>\n<p>&#8220;This is not the way to ring in the holiday season and the new year,&#8221; they said.<\/p>\n<p><!-- ONE DAY CHART --><\/p>\n<p>Thursday&#8217;s declines were led by the energy sector, which was grappling with a 5% fall in oil prices.<\/p>\n<p>On the Dow, Walgreens Boots Alliance was the biggest loser, tumbling more than 4% after reporting weaker-than-expected quarterly earnings, driven in part by muted demand in the UK.<\/p>\n<p>On Wednesday, the Federal Reserve increased its benchmark interest rate by 0.25%, the fourth such increase this year. <\/p>\n<p>The decision spurred a sell-off in US markets, which was followed on Thursday by losses in Asia and Europe.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46639301\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright AFP\/Getty Image caption Donald Trump said he wanted the funding bill to include more money for &#8220;border security&#8221; Wall Street shares closed at their lowest levels in roughly 14 months on Thursday, as the threat of a government shutdown added to wider investor angst. Losses accelerated around midday, as Republicans said President Donald &hellip; <\/p>\n","protected":false},"author":0,"featured_media":5683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=5682"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/5683"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}