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U.S. stocks close lower after Trump threatens to shut down the government

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U.S. stocks ended with modest losses on Wednesday, after President Donald Trump threatened to shut down the U.S. government if Congress doesn’t fund his campaign pledge to build a wall on the Mexican border, a policy with low approval ratings in Congress. The Dow Jones Industrial Average












DJIA, -0.40%










fell 0.4% to 21,813. The S&P 500












SPX, -0.35%










lost 0.4% to 2,444. The Nasdaq Composite Index












COMP, -0.30%










ended down by 0.3% to 6,278. Traders were also cautious ahead of the Jackson Hole, Wyo., meeting of global central bankers, which could provide new insights into what global monetary policy will look like going forward. The day’s losses were broad-based, with eight of the 11 primary S&P 500 sectors lower on the day. Material stocks












XLB, -0.22%










were among the hardest hit, off 0.9%. Among specific stocks, Johnson & Johnson












JNJ, -1.43%










was one of the biggest drags on the day, falling 1.4%.



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