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>> J.C. PENNEY Latest News

SEP 27, 2013 - TheStreet

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Stocks Fall as Congress at Government Shutdown Standstill

NEW YORK (TheStreet) -- The S&P 500 closed the week lower Friday amid anxiety over the ongoing budget negotiations in Washington. A worse-than-expected report on U.S. consumer sentiment for September helped extend the losses seen at the market open.Lawmakers must agree to an emergency budget deal by Monday in order to allow key federal government services to continue running through Dec. 15 from the start of the new fiscal year on Oct. 1. It's estimated that a U.S. government shutdown could reduce economic growth in the fourth quarter by up to 1.4 percentage points.The S&P ... Read More

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