Stocks end sharply lower, see worst drop in month
NEW YORK (MarkeWatch) — U.S. stocks dropped sharply on Wednesday, suffering their worst losses in more than a month, as investors digested the Washington budget deal that could give the Federal Reserve another reason to scale back its bond-buying program soon. The S&P 500 (SNC:SPX) fell 20.40 points, or 1.1% , to close 1,782.22, while the Dow Jones Industrial Average (DJI JIA) shed 129.60 points, or 0.8% , to finish at 15,843.53. Each index endured its worst loss since Nov. 7. The Nasdaq Composite (NASDAQ:COMP) slid 56.68 points, or 1.4% , to end at 4,003.81.