Stock futures slip amid debt crunch: Stock market news today
US stocks closed lower Tuesday on Wall Street concerns that the debt-ceiling debate in Washington won’t reach a resolution.
The S&P 500 (^GSPC) ended the session down 1.12%. The Dow Jones Industrial Average (^DJI) dipped 0.69%, or more than 200 points. The technology-heavy Nasdaq Composite (^IXIC) declined more than 1.26%.
In Treasuries, yields moved lower across the curve Tuesday, with the benchmark 10-year yield edged down to 3.7%. Two-year yields rose to 4.34%, and those on the 30-year bond ticked lower to 3.95%. The extended losses came as worries over the debt-ceiling standoff intensified, as the prospect of a default…
