Wall Street down on growing default concerns

With the aid of Angela Moon NEW YORK (Reuters) – U.S. stocks fell broadly on Monday, interested in events in Washington after weekend talks between Republicans and Democrats showed some development however did not dispose of the chance of a conceivable U.S. default in three days, pressuring stocks. All ten sectors on the S&P were down. The S&P financial sector index and S&P utilities index have been among worst decliners, down zero.5 percent and zero.9 percent, respectively. The lack of a definitive agreement used to be striking power on equities as there have been no guarantees an historic debt default could be kept away from. …