5/31, 10:00 PM (Source: TeleTrader)
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US markets close lower as House prepares budget vote

Stock exchanges in the United States closed lower on Wednesday as the House of Representatives prepared to finally approve a bill that would lift the debt ceiling, avert an economic catastrophe and set government budget and spending rules for the next two fiscal years. Earlier in the day, investors negatively reacted to higher-than-expected job opening figures, apparently fearing an even tighter monetary policy by the Federal Reserve.

The Dow Jones Industrial Average index closed with a 0.41% or 135-point loss as its worst performer The Home Depot fell by 3.04%. The Nasdaq 100 decreased by 0.70% at 4 pm ET, pulled down by Marvell Technology's 7.74% drop. The S&P 500 declined by 0.61% at the close with Advance Auto Parts down 35.04%.

The euro was 0.45% lower compared to the dollar, going for 1.06868 at 3:59 pm ET.

Baha Breaking News (BBN) / MS