Stocks slide on shutdown jitters, but selling is orderly

|By:, SA News Editor

Stocks fell broadly as Congress looks no closer to a deal to avoid a partial government shutdown, but there was no panic selling and stocks closed well above early lows, perhaps indicating that most investors think a shutdown won't last long.

Small stocks lost less than their larger peers, another sign that investors weren't rushing for the exits; the Russell 2000 fell a mere 0.2%.

The Nasdaq outperformed, as biotech shares displayed relative strength; energy stocks were the weakest performers as crude oil prices sank to three-month lows and ended at $102.33.

The yield on 10-year Treasurys was nearly flat at 2.619% from 2.620%, where it settled Friday.