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Stocks fall as debt-ceiling vote looms

NEW YORK — US stocks fell on Monday as a last-minute deal on raising the government’s debt ceiling and averting a potentially disastrous default headed for a contentious vote in Congress. The Dow Jones Industrial Average shed 10.75 points (0.09 percent) to close at 12,132.49. The broader S&P 500 dropped…

Wall Street tumbles more than 2 percent

NEW YORK (Reuters) – Wall Street tumbled more than 2 percent on Tuesday and the Nasdaq turned negative for the year as Japan’s looming nuclear crisis looked set to thrust financial markets into a period of turmoil. U.S. shares seen as exposed to the disaster as well as economically sensitive…

Senate finance reform bill passes, falling just shy of 60 votes

The U.S. Senate approved a sweeping Wall Street reform bill on Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s. By a vote of 59-39, the Senate awarded a victory to President Barack Obama, a champion of tighter rules for banks and capital…

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