ARCHIVE

Budget Tensions Lower Stocks


Budget Tensions Lower Stocks (Bloomberg)

The S&P 500 extended its slump today to five sessions, marking the longest slide of the year for the index on mounting concerns over a potential government shutdown. ???There is a lot of noise that???s disruptive to people doing anything with a great deal of confidence,??? Don Hodges, founder of Dallas-based Hodges Funds, said. ???Anytime the market is as strong as it???s been in the last few weeks, you just know that it???s capable of having a pullback that shakes off people a little bit.???