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

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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.
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Categories: Capital Markets

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