December 10, 2013
US stocks fall as Washington talks stall
US short-term bill rates rose and stocks slid on Wall street as US Senate fiscal negotiations were suspended, making prospects for an agreement to end the US government's budget and debt impasse less promising.
The Dow Jones industrial average was down 111.64 points, or 0.73 percent, at 15,189.62. The Standard & Poor's 500 Index was down 10.59 points, or 0.62 percent, at 1,699.55. The Nasdaq Composite Index was down 19.39 points, or 0.51 percent, at 3,795.89.
European shares rose today, with some benchmark indexes hitting multi-year highs, bolstered by indications that a deal could soon be clinched in Washington to avert a debt default.
The FTSEurofirst 300 was up 0.8 percent at 1,262.50 points by 1515 GMT, led by miners and autos as investors bought into cyclical shares.
Meanwhile, Japan's Nikkei share average rose for a fifth straight session on Tuesday on hopes that US lawmakers will soon reach a deal to reopen the government and avert a possible debt default, with a weaker yen lifting such bellwether stocks as Sony Corp.
The Nikkei rose 0.3 percent to 14,441.54. The Topix was virtually flat, edging up 0.03 percent to 1,197.47.