Quantcast


Last updated: October 15. 2013 4:36PM - 426 Views
Associated Press



Trader Kenneth Polcari, right, works on the floor of the New York Stock Exchange Tuesday, Oct. 15, 2013.The stock market edged lower early Tuesday even though Republican and Democratic leaders in the Senate reported that a deal over the nation's borrowing limit appears to be getting closer. (AP Photo/Richard Drew)
Trader Kenneth Polcari, right, works on the floor of the New York Stock Exchange Tuesday, Oct. 15, 2013.The stock market edged lower early Tuesday even though Republican and Democratic leaders in the Senate reported that a deal over the nation's borrowing limit appears to be getting closer. (AP Photo/Richard Drew)
Story Tools:

Font Size:

Social Media:

(AP) Stocks are closing lower as hopes fade for a quick solution to the gridlock in Washington over how to avoid a U.S. government default.


The Dow Jones industrial average fell 133 points, or 0.9 percent, to close at 15,168 points Tuesday.


The Standard & Poor's 500 index fell 12 points, or 0.7 percent, to 1,698. The Nasdaq composite index fell 21 points, or 0.6 percent, to 3,794.


The U.S. is expected to reach its borrowing limit on Thursday, jeopardizing its ability to pay its bills. Meanwhile a partial shutdown of the federal government is in its 15th day.


The market was whipsawed Tuesday as the on-again, off-again talks in Washington left investors wondering whether the U.S. could avoid defaulting on its debt.


Volume was heavy at 3.4 billion shares.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com