Gov't Shuts Down, Stock Market Drops

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The stock market dropped over the past several days amidst the uncertainty of a government shutdown.

It's leading some to ask if the government closes its doors and turns out the lights, how would that affect the economy?

Well, history suggests that fears it could lead to an economic meltdown are unfounded.

Since 1976 there have been 17 government shutdowns.

During those that lasted ten days or more, stocks in the S&P index dropped an average of just 25 percent.

For those that lasted five days or less, the average stock fell only 1.4 percent.

During recent shutdowns -- the two that took place in 1995 and 1996 -- the market actually rose.

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