NEW YORK — Stocks are closing lower as Wall Street braces for a government shutdown.
Investors pulled back from stocks today as a budget fight in Congress threatened to push the federal government into a partial shutdown for the first time in 17 years. Lawmakers have until midnight tonight to reach a budget deal that would keep government in full operation
The Dow Jones industrial average fell 128 points to close at 15,129. The Standard & Poor’s 500 index lost 10 points to 1,681. The Nasdaq fell 10 points to 3,771.
There was little evidence that the Democratic-controlled Senate and Republican-led House of Representatives were any closer to a budget agreement this afternoon, hours before the deadline.
The dispute is poised to continue into mid-October as legislators debate raising the nation’s borrowing limit.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.