(CNBC) — Stocks fell Tuesday as ongoing debt ceiling discussions appeared to yield little progress.
The S&P 500 dropped 1.12% to settle at 4,145.58, while the Nasdaq Composite pulled back 1.26% to close at 12,560.25. The Dow Jones Industrial Average lost 231.07 points, or 0.69%, to finish at 33,055.51.
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Some traders interpreted the lack of any major updates on negotiations as a sign that lawmakers, perhaps, are struggling to progress as hoped.
