While you were sleeping Stocks down, bonds up

Mon, 07 Oct 2013

Oct. 8 (BusinessDesk) – US stocks fell, while Treasuries rose, amid continuing concern about the ongoing impasse over US federal government funding and the potential risk of a debt default. In afternoon trading in New York, the Dow Jones Industrial Average dropped 0.57 percent, the Standard & Poor's 500 Index shed 0.49 percent, and the Nasdaq Composite Index fell 0.68 percent. Declines in Visa, Microsoft and American Express, down 1.6 percent, 1.4 percent and 1.2 percent respectively, paced losses in the Dow. "With each political party poin...

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