Stalled Debt Talks Spook Wall Street

FOX Business: The Power to Prosper Financial shares led Wall Street lower on Monday after an impasse on Capitol Hill over raising the U.S. debt ceiling weighed on traders' sentiment. Today's Markets As of 11:00 a.m. ET, the Dow Jones Industrial Average slid 79.2 points, or 0.63%, to 12,602, the S&P 500 slumped 8.7 points, or 0.65%, to 1,336 and the Nasdaq Composite fell 16.2 points, or 0.56%, to 2,843. The FOX 50 dipped 6 points to 947. The Dow has clawed its way back from session lows, paring triple-digit losses. Banks like JPMorgan Chase JPM and Bank of America (JPM) fell sharply in morning trading amid U.S. debt concerns. Several big-name technology companies like Intel INTC and Microsoft MSFT, however, eked out modest gains. Continue reading the article.