U.S. stock indexes were sharply lower on the final day of the third quarter as the Senate reached a deal to avoid a government shutdown and as House Democrats vote on the cornerstones of President Biden's economic agenda.
The Dow Jones Industrial Average slid 430 points, or 1.1%, while the S&P 500 index fell 0.96% and the Nasdaq Composite index lost 0.38%.
The Senate reached a stopgap deal overnight that would fund the government until early December. Congress must pass the bill before midnight to avoid a shutdown. Lawmakers must still raise the debt ceiling by Oct. 18 to prevent the U.S. from defaulting on its debt.
Additionally, House Speaker Nancy Pelosi is still trying to iron out plans to bring both the bipartisan infrastructure bill and the $3.5 trillion spending plan up for a vote in the lower chamber. ... Read More: FOX Business