Stocks fall on concern about budget fight, economy
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The Standard and Poor’s 500 index is up 19 percent for the year. If the index closed the year at its current level it would log its best gain since 2009, when it rose 23 percent.
In government bond trading, the yield on the 10-year Treasury note fell to 2.70 from 2.74 percent.
In commodities trading, the price of oil fell $1.16, or 1.1 percent, to $103.59 a barrel. The price of gold fell $5.50, or 0.4 percent, to $1,327 an ounce.
The dollar rose against the euro and fell against the Japanese yen.
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