U.S. Stocks Fall as Concern of Shutdown Rises

U.S. Stocks Fall as Concern of Shutdown Rises (Bloomberg)

Stocks fell today, handing the S&P its first weekly loss of September, amid growing concerns that the government shutdown which could happen next week would hamper the economy’s resurgence. “There is nothing in the economic data I can see that tells me I should worry about a recession,” Sam Wardwell, an investment strategist at Pioneer Investments in Boston, said. “A government shutdown would be a fiscal cliff that’s big enough in this case to drive the economy into a recession and I think that the market is increasingly worried about that risk because the risk seems to be rising.”