Late Sell-Off Closes Bad Week for Stocks

A difficult week on Wall Street came to a dismal end, with storm clouds of another recession and a crippling debt crisis circling overhead and dampening investor appetite for risk.


Major averages again sold off into the close, capping a week in which the market lost more than 4 percent and prepared for the worst that could lie ahead. Washington leaders failed to reach an agreement on raising the $14.3 trillion debt ceiling, setting the table for more troubles when the market reopens next week.

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