· The Dow Jones Industrial Average .DJI fell 87.8 points, or 0.4 percent, to 21,812.09, the S&P 500 .SPX lost8.44 points, or 0.34 percent, to 2,444.07 and the Nasdaq Composite .IXIC dropped 19.07 points, or 0.3 percent, to 6,278.41.
U.S. stocks closed lower on Wednesday as investors grappled with a threat from President Donald Trump to shut down the government if Congress fails to fund a Mexico border wall.
Stocks managed to briefly pare losses after comments from U.S. House Speaker Paul Ryan calling a government shutdown unnecessary. Yet that was not enough to calm nerves as the deadline to approve spending measures draws near and a fight looms over raising the cap on government borrowing.
· Congress will have about 12 working days when it returns from its summer recess on Sept. 5 to raise the debt ceiling before the U.S. Treasury exhausts the last of its options to remain current on all of the federal government's obligations.
· Credit ratings agency Fitch Ratings said a failure to raise the ceiling in a timely manner would prompt it to review its rating on U.S. sovereign debt, "with potentially negative implications."
· Investors have grown increasingly concerned about Trump's ability to legislate his pro-growth agenda given the near-constant political turbulence in the White House.
· Stocks in Asia traded sideways early on Thursday after a threat from President Donald Trump about a possible government shutdown halted a recovery in the dollar and risk off sentiment emerged in markets.
· Japan's Nikkei 225 was lower by 0.26 percent in early trade. Across the Korean strait, the Kospi advanced 0.17 percent.
Reference: Reuters, CNBC
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