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
Stocks Fall on Debt Fears
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)

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. (More Wall Street stories.)

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