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Shutdown fears whack Wall Street
Posted By -NO AUTHOR- On 09/30/2013 @ 10:06 am In Front Page,Money,Politics,U.S. | No Comments
(FOX NEWS) Wall Street took a thrashing on Monday amid swelling anxiety over the prospects of a government shutdown and renewed turmoil in Europe.
As of 9:52 a.m. ET, the Dow Jones Industrial Average tumbled 156 points, or 1%, to 15102, the S&P 500 dropped 14.6 points, or 0.86%, to 1677 and the Nasdaq Composite slumped 37.2 points, or 02%, to 3736.
Over the weekend, the House amended a Senate-backed continuing resolution to keep the federal government funded through December 15, delay the enactment of ObamaCare by a year and repeal the medical device tax. The Democratic-controlled Senate, which did not meet on Sunday, vowed to shoot down the Republican-powered legislation that would affect President Barack Obama’s signature health-care law. If Congress can’t craft an agreement, the government will shut down at 12:00:01 a.m. ET on October 1.
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