Budget Tensions Lower Stocks (Bloomberg)
The S&P 500 extended its slump today to five sessions, marking the longest slide of the year for the index on mounting concerns over a potential government shutdown. “There is a lot of noise that’s disruptive to people doing anything with a great deal of confidence,” Don Hodges, founder of Dallas-based Hodges Funds, said. “Anytime the market is as strong as it’s been in the last few weeks, you just know that it’s capable of having a pullback that shakes off people a little bit.”
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