Pursuits
U.S. Stocks Tumble Amid Budget Debate, Middle East Conflict
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U.S. stocks fell, sending the Dow Jones Industrial Average to the lowest level since June, as concern about the budget debate in Washington and an Israeli air strike erased an early rally led by technology shares.
Federal Express Corp. and Boeing Co. slumped at least 2.8 percent to pace declines among the largest companies. Bank of America Corp. and JPMorgan Chase & Co. dropped more than 1.8 percent as financial shares sank. Cisco Systems Inc., the world’s biggest maker of computer-networking equipment, jumped