Wall Street succumbs to politics in Washington

FXstreet.com (Chicago) – Wall Street succumbed to the Senate decision to halt talks aiming to solve the US political crisis and agree on something before the debt ceiling deadline failing to sustain gains in the early American trading session.

The Dow extended losses throughout the day for a 0.87% decline. The Nasdaq fell 0.56% similarly to the S&P500 down 0.71% amid conversations that seem to continue despite comments by senators stating extreme positions of “falling apart” negotiations between republicans and democrats.