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Dow, S&P fall for week


NEW YORK (Reuters) — U.S. stocks rebounded on Friday, but major stock indexes ended the week lower as the federal government shutdown continued for a fourth day, with no sign of an end to the budget stalemate in Washington.

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The Nasdaq composite index ended the week higher as Friday’s advance accelerated in the afternoon, but gains by the Dow and the S&P 500 were not enough to cancel the week’s losses.

The government shutdown has made investors nervous as it drags on, but the impact from it has been relatively limited.
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A more serious concern, investors say, is if the shutdown continues and the budget battle becomes tied up with the federal debt limit, which a divided Congress must raise by Oct. 17 to avoid a n unprecedented U.S. debt default.
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Reflecting a rise in investor anxiety, some options investors were starting to pay more for protection against market turmoil.
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