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8 Oct 2013
Wall Street declines to 1-month lows as nobody listens in the US Congress
FXstreet.com (San Francisco) - The US stocks market dropped hard on Tuesday as Investors are worrying about the continuing US shutdown. The Nasdaq and S&P indexes closed at 1-month lows.
The Nasdaq performed its biggest drop since August 27 while both the Dow and the S&P closed below key multi-month areas defined by multi-month uptrend around 14,854 pts and 1,665 pts, respectively.
In addition, 1-month Treasury yields rose to 0.35%, the highest since October 2008.
The Dow Jones declined 159.71 points or 1.07% to finish the day at 14,776.53. Below the 14,855 key support and testing late August lows around 14,775. The S&P 500 lost 20.67 points or 1.23% to 1,655.45; below key 1,665 area.
The Nasdaq Composite collapsed 75.55 points or 2.0% to finish the day at 3,694.83.
The Nasdaq performed its biggest drop since August 27 while both the Dow and the S&P closed below key multi-month areas defined by multi-month uptrend around 14,854 pts and 1,665 pts, respectively.
In addition, 1-month Treasury yields rose to 0.35%, the highest since October 2008.
The Dow Jones declined 159.71 points or 1.07% to finish the day at 14,776.53. Below the 14,855 key support and testing late August lows around 14,775. The S&P 500 lost 20.67 points or 1.23% to 1,655.45; below key 1,665 area.
The Nasdaq Composite collapsed 75.55 points or 2.0% to finish the day at 3,694.83.