US Stocks Decline As Investors Weigh US Budget Deal

US Stocks Decline As Investors Weigh US Budget Deal

Via AFP:

US stocks tumbled Wednesday in a decline that analysts attributed to profit-taking after the equity market surge of 2013.

The Dow Jones Industrial Average fell 129.60 (0.81 percent) to 15,843,53.

The broad-based S&P 500 declined 20.40 (1.13 percent) to 1,782.22, while the tech-rich Nasdaq Composite Index gave up 56.68 (1.40 percent) at 4,003.81.

"The market has been in a little bit of a sell-off mood since the beginning of the month, and rightly so after being up 25 percent," said Mace Blicksilver, director of Marblehead Asset Management, referring to the S&P 500's gain so ...

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