Stocks Plunge While Budget Impasse Continues
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iStock/Thinkstock(NEW YORK) — U.S. stocks ended Tuesday’s session with steep declines as another day brought the government closer to default. The deadline for a government default is Thursday.
The Dow Jones Industrial Average snapped a four-day winning streak and closed down 133 points at 15,168.01. The Nasdaq Composite gave up 21 for the session, closing at 3,794.01. The S&P 500 lost 12 points to close at 1,698.06.
Investors seem to be getting a bit antsy with no deal to end the shutdown in Washington. The Dow plunged another 127 points in after-hours trading when Fitch Ratings placed the U.S. bond rating on a possible watch for default. For now, it’s leaving the credit rating at AAA.
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