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Default, Shutdown Concerns Punish Stocks

Default, Shutdown Concerns Punish Stocks (Bloomberg)

Stocks fell today, sending the S&P 500 to its largest two-day decline since June amid fears that the current shutdown could lead to a government default. “The market is going to start to push the government,” Rick Fier, director of equity trading at Conifer Securities LLC in New York, said. “The longer it drags on, the more uncomfortable everyone gets because we will not rally until something gets done. Get out now and wait for the storm to pass to get back in.”

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