Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
September 2, 2014

Shutdown and Debt Limit Worries Bring Down Stocks

Stocks are taking a hit over the last five trading days while Congress struggles with the government shutdown and action on the debt limit. The Dow Industrial Average closed yesterday at 14,996 down 332 (2.16%) from its close last Thursday at 15,328.

In looking at specific companies we selected ten that are very active politically and whose PACs have given the most to federal candidates and committees so far in 2013. A review of these ten companies shows that 9 had drops in value and 1 gained.

1. Honeywell Int’l. (HON) last Thursday close 84.05, yesterday close 81.45
2. Northrop Grumman (NOC) last Thursday close 96.37, yesterday close 93.08
3. AT&T (T) last Thursday close 34.23, yesterday close 33.04
4. Lockheed Martin (LMT) last Thursday close 129.85, yesterday close 122.83
5. Raytheon (RTN) last Thursday close 79.80, yesterday close 74.92
6. General Electric (GE) last Thursday close 24.25, yesterday close 24.10
7. Home Depot (HD) last Thursday close 76.07, yesterday close 75.88
8. Boeing (BA) last Thursday 119.38, yesterday close 115.24
9. CSX (CSX) last Thursday close 25.98, yesterday close 25.68
10. Pfizer (PFE) last Thursday close 28.52, yesterday close 28.77

To search detailed money-in-politics databases, visit Political MoneyLine.

  • Layla

    Could it be that Washington is just beginning to feel the effects of a failed administration economic policy and join the American people in bankruptcy????

    Many in Congress are more worried about the markets than they are their own UNEMPLOYED constituents. That is not wise. We have an election next year, you know….and we are already preparing for it.

  • Jesse4

    Doesn’t sound like those companies got a very good return on their investment this time. That’ll teach them to be a little pickier about who they put in office.

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