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.