Wall Street fell again Wednesday as stocks tumbled worldwide on worries about the economy.
The S&P 500 dropped 0.7% after House Speaker Kevin McCarthy said Republicans and Democrats remain “far apart” in their efforts to prevent a potentially disastrous default on the U.S. government’s debt. The main U.S. stock index is on track for its worst week in more than two months as the once-unthinkable creeps closer to possibility.
The Dow Jones Industrial Average dropped 255 points, or 0.8%, while the Nasdaq composite lost 0.6%.
