Stocks Fall on Debt Fears

Dow was down 101 points at open
By Newser Editors and Wire Services
Posted Jul 25, 2011 9:19 AM CDT
In this June 3, 2011 file photo, specialist Christopher Culhane works at his post on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, file)

(Newser) – Stocks are falling after congressional leaders failed to agree on a deal to raise the nation's debt limit to avoid default. At the opening bell today, the Dow Jones industrial average fell 101 points, or 0.8%, to 12,575. The Standard & Poor's 500 was down 12, or 0.9%, at 1,332. The Nasdaq composite was down 1%, at 2,829. Lawmakers hoped to reach a compromise yesterday, but those talks stalled.

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