Stocks Slide As Investors Wait For A Sign From Washington

NEW YORK (October 8, 2013)--The impasse over the government shutdown and raising the country's borrowing limit showed no signs of ending Tuesday and stocks closed sharply lower as investors waited for a sign from Washington.

House Republicans insist that any temporary funding bill include concessions on President Barack Obama's health care law.

The Standard & Poor's 500 index was down 20 points, or 1.2 percent, to end at 1,655.45.

It was the 11th loss in the last 14 days, and the index's biggest drop in six weeks.

The Dow Jones industrial average was down 159 points, or 1.1 percent, to end the day 14,776.53.

The Nasdaq composite fell 75 points, or 2 percent, to end at 3,694.83, also the largest drop in six weeks.

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