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Shutdown’s Second Day Slows Stocks

[U.S. Capitol]

Jason Ippolito

Shutdown’s Second Day Slows Stocks (Bloomberg)

U.S. stocks fell today, paring yesterday’s gains, as investors waited for news of progress towards the end of the government’s shutdown. “The market is trying to figure out how serious the situation in Washington is,” Paul Zemsky, chief investment officer of multi-asset strategies for ING Investment Management, said. “Today’s worry is that it is more serious than we originally thought, which is putting pressure on the market.”

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