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U.S. Stocks Fall as Concern of Shutdown Rises

U.S. Stocks Fall as Concern of Shutdown Rises (Bloomberg)

Stocks fell today, handing the S&P its first weekly loss of September, amid growing concerns that the government shutdown which could happen next week would hamper the economy’s resurgence. “There is nothing in the economic data I can see that tells me I should worry about a recession,” Sam Wardwell, an investment strategist at Pioneer Investments in Boston, said. “A government shutdown would be a fiscal cliff that’s big enough in this case to drive the economy into a recession and I think that the market is increasingly worried about that risk because the risk seems to be rising.”

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Stocks fell today, handing the S&P its first weekly loss of September, amid growing concerns that the government shutdown which could happen next week would hamper the economy's resurgence.

archive

U.S. Stocks Fall as Concern of Shutdown Rises

Stocks fell today, handing the S&P its first weekly loss of September, amid growing concerns that the government shutdown which could happen next week would hamper the economy’s resurgence.

U.S. Stocks Fall as Concern of Shutdown Rises (Bloomberg)

Stocks fell today, handing the S&P its first weekly loss of September, amid growing concerns that the government shutdown which could happen next week would hamper the economy’s resurgence. ??There is nothing in the economic data I can see that tells me I should worry about a recession,? Sam Wardwell, an investment strategist at Pioneer Investments in Boston, said. ??A government shutdown would be a fiscal cliff that??s big enough in this case to drive the economy into a recession and I think that the market is increasingly worried about that risk because the risk seems to be rising.?

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