NEW YORK (AP) — Stocks are closing lower as hopes fade for a quick solution to the gridlock in Washington over how to avoid a U.S. government default.
The Dow Jones industrial average fell 133 points, or 0.9 percent, to close at 15,168 points Tuesday.
The Standard & Poor's 500 index fell 12 points, or 0.7 percent, to 1,698. The Nasdaq composite index fell 21 points, or 0.6 percent, to 3,794.
The U.S. is expected to reach its borrowing limit on Thursday, jeopardizing its ability to pay its bills. Meanwhile a partial shutdown of the federal government is in its 15th day.
The market was whipsawed Tuesday as the on-again, off-again talks in Washington left investors wondering whether the U.S. could avoid defaulting on its debt.
Volume was heavy at 3.4 billion shares.
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A Good Samaritan died Wednesday while trying to assist the driver of a tractor trailer who got stuck in the snow.
A 26-year-old male employee of Ying's Wings and Things told police that Haibo Jiang, also known as Jimmy Ying, choked him until he passed out.
Viewers sent in photos from the snowfall around western New York.
Travel advisory for Southern Erie County. Travel ban in North Collins. Travelers advised to avoid I-90 between Exit 57 and Exit 61. Portions of I-90 closed. More info:
Lakes will remain active on and off through the weekend.
One third of Canadians receive their mail straight to their door but that will soon be changing. Canada Post will phase out their door-to-door delivery over the next five years.