Stocks Down as Politicians Do Nothing (Bloomberg)
The S&P 500 was down 0.7% to 1,698.09, a change in direction from the previous four days, which had all ended up. Previously announced discussions between the White House and the House Republicans dissolved today. ???The knee-jerk reaction will be to sell on any kind of bad news,??? said Kevin Caron, a market strategist at Stifel Nicolaus & Co ???The market is looking for progress, so anything that???s not indicative of progress, the answer???s going to be shoot first and ask questions later.???