Belfast Telegraph

Tuesday 23 September 2014

Stocks fall as debt talks drag on

The Dow Jones industrial average fell 133 points to close at 15,168 points

Stocks on Wall Street closed lower as hopes fade for a quick solution to the gridlock in Washington over how to avoid a US government default.

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

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

The US is expected to reach its borrowing limit tomorrow, jeopardising its ability to pay its bills. Meanwhile a partial shutdown of the federal government is in its 15th day.

The market was put under pressure yesterday as the on-again, off-again talks in Washington left investors wondering whether the US could avoid defaulting on its debt.

Volume was heavy at 3.4 billion shares.

AP

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Comment

More

Company Profiles

More

Help & Advice

More

People on the move

More