NEW YORK -- Congress' latest stalemate has predictably rattled markets, sending stocks lower nearly 1% in early trading Monday on Wall Street.
The Dow Jones industrial average was off 124.33 points, or 0.81%, to 15,133.91, as Congress barreled toward the first U.S. government shutdown in nearly two decades.
The broader Standard & Poor's 500 index lost 12.62 points, or 0.75%, to 1,679.13, while the technology-focused Nasdaq composite index was down 27.71 points, or 0.73%, to 3,753.88.
Congressional leaders failed over the weekend to reach agreements over spending and President Obama's healthcare overhaul. If the government shuts down, it would be the first time since the Clinton administration.