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Stocks sink as D.C. budget paralysis continues
Posted By Adan On October 8, 2013 @ 12:17 pm In Economic Crisis | Comments Disabled
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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