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On Monday US stocks experienced a sharp
decline as American lawmakers did not manage to reach an agreement on budget
cuts that would allow reducing national debt. S&P 500
Index experience losses for a 4th session in a row and closed
1.9% or 22.67 points down. Dow Jones Industrial Average gave up 248.85
points, or 2.1% while Nasdaq Composite Index decreased 49.36 points, or 1.9%.
According to Tim Courtney, Burns Advisory Group's leading investment
officer markets are speculating on forthcoming recession.