U.S. Stocks Decline on Lack of Debt Deal

U.S. stocks fell, dragging the Standard & Poor’s 500 Index down from a two-week high, as President Barack Obama and Congress failed to reach an agreement on raising the federal debt limit, intensifying concern the nation will default. The S&P 500, which last week rallied within 1.4 percent of a ...

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News that European leaders are getting closer to agreeing on a broad approach to dealing with the region's debt troubles helped markets end trading higher Thursday.