By and and  on October 8, 2013

The debt ceiling brinkmanship in Washington set retailers back on Tuesday — both on Wall Street and in Bali, where officials from 12 nations were working to complete a Trans-Pacific trade deal by yearend.

The S&P 500 Retailing Industry Group suffered its worst drop since June, falling 2 percent, or 16.57 points, to 826.48 as the Dow Jones Industrial Average declined 1.1 percent, or 159.71 points, to 14,776.53. The Dow is now off more than 900 points since Sept. 18.

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