Monday, October 07, 2013 4:50 pm
How the Dow Jones industrial average did on Monday
The Associated Press
Lawmakers have until Oct. 17 to reach a deal on increasing the nation's debt ceiling. Failure to strike a deal could cause the United States to miss payments on its debt. The Treasury warned last week that a default could push the economy into a downturn even worse than the Great Recession.
The Dow Jones industrial average fell 136.34 points, or 0.9 percent, to close at 14,936.24.
The S&P 500 declined 14.38 points, or 0.9 percent, to 1,676.12.
The Nasdaq composite dropped 37.38 points, or 1 percent, to 3,770.38.
For the year so far:
The Dow is up 1,832.10 points, or 14 percent.
The S&P 500 is up 249.93 points, or 17.5 percent.
The Nasdaq is up 750.87 points, or 24.9 percent.