S&P Below 1,700, Facebook Spikes to New High

U.S. stocks ended lower on Tuesday, as worries over a possible U.S. government shutdown added to investor caution.
The Dow Jones Industrial Average lost 66.79 points, or 0.43%, to 15,334.59.The S&P 500 was down 4.42 points, or
0.26%, at 1,697.42. The Nasdaq Composite rose 2.97 points, or 0.08%, to 3,768.25.

With six full days remaining for Washington to head off a partial government shutdown, here’s a roundup of the
latest action from Capitol Hill — and a disclaimer. Things are still pretty fluid, so Washington isn’t out of the
woods yet.

Facebook (FB) shares rose 2.7%. The social network on Tuesday was upgraded to buy from neutral at Citigroup, which
also raised its price target on the stock to $55 from $32.

Americans’ confidence in the economy fell slightly in September from August, as many became less optimistic about
hiring and pay increases over the next six months. The Conference Board, a New York-based private research group,
said Tuesday that its consumer confidence index dropped to 79.7 in September.

Treasuries rose as investors bet the Federal Reserve will keep buying debt as it awaits a pick-up in economic
growth. Ten-year Treasury rates decreased for a third straight day, losing five basis points to a six-week low 2.65
percent at 4 p.m. in New York.