U.S. Stocks decline as we’re 2 Days away from U.S. Economy DEFAULTING!

U.S. Stocks Decline as Lawmakers Fail to Reach Debt Deal


Today – Tuesday October 15th, 2013

  • U.S. stocks declined as lawmakers failed to reach an agreement on government shutdown and debt ceiling, the debt ceiling deadline is October 17th, 2013.
  • After the market closed, futures indicated continued pressure after Fitch Ratings placed the United States’ ‘AAA’ rating on rating watch negative, citing the debt ceiling gridlock.
  • Losses were broad, with all 10 S&P 500 sectors falling on the day.
  • The Dow Jones industrial average <.dji> ended down 133.25 points, or 0.87 percent, at 15,168.01. The Standard & Poor’s 500 Index <.spx> was down 12.08 points, or 0.71 percent, at 1,698.06. The Nasdaq Composite Index <.ixic> was down 21.26 points, or 0.56 percent, at 3,794.01.

Categories: Equity Capital Markets

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: