This most likely had to do with the looming debt ceiling deadline. (allfinancialmatters.com)
In particular, Meyer pointed to battleground areas of contention including $ 180 billion in Bush tax cuts, a $ 120 billion payroll tax cut, debt ceiling deadlines of $ 110 billion and $ 40 billion, another $ 40 billion in extended unemployment insurance and $ 20 billion in taxes for the Patient Protection and Affordable Care Act that the Supreme Court upheld Thursday. (thinkadvisor.com)
The Dow got slammed 200 points today with most people pointing to the pending debt ceiling deadline on August 2nd. (mydividendstocks.com)