Dow Reaches Lowest Since June on Budget, Israel Conflict
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U.S. stocks sank, sending the Dow Jones Industrial Average to the lowest level since June, as concern about the budget debate and conflict in Israel wiped out an early rally. Oil jumped and Treasuries were little changed.
The Dow slid 185.23 points, or 1.5 percent, to 12,570.95 and the Standard & Poor’s 500 Index tumbled 1.4 percent to 1,355.49 at 4 p.m. in New York, reversing an early gain of 0.4 percent and closing at the lowest level since July. Oil rose