Dow Falls 109, Nasdaq Drops 31, S&P Loses 6

NEW YORK (AP) — Wall Street’s best week since March ran out of steam Friday as worries rose about the U.S. government’s efforts to avoid a potentially disastrous default on its debt.

The S&P 500 slipped 6.07 points, or 0.1%, to 4,191.98. The Dow Jones Industrial Average fell 109.28, or 0.3%, to 33,426.63, while the Nasdaq composite gave up 30.94, or 0.2%, to 12,657.90.

Despite its weak Friday, the S&P 500 still managed to break out of a long, listless stretch where it failed to move by 1%, up or down, for six straight weeks. It gained 1.6%, with much of the strength earlier in the week coming on rising hopes that Washington can avoid a debt default.

Democrats and Republicans are facing down a June 1 deadline, which is when the U.S. government could run out of cash to pay its bills, unless Congress allows it to borrow more. A default on its debt would likely mean a recession for the economy,…

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