Stocks sink as D.C. budget paralysis continues


AFP
Oct. 8, 2013

US stocks, led by the tech-rich Nasdaq, tumbled Tuesday as a Washington budget and debt ceiling impasse dragged on without clear progress.

In late-morning trade, the Dow Jones Industrial Average fell 85.55 (0.57 percent) to 14,850.69.

The broad-based S&P 500 lost 12.43 (0.74 percent) at 1,663.69, while the Nasdaq Composite Index slumped 47.71 (1.48 percent) to 3,167.98.

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