U.S. Stocks Close Lower for 5th Session

Stocks declined for a fifth straight session, with the S&P 500 notching its longest losing streak this year, as investors paused their buying after strong quarterly gains.The Dow Jones Industrial Average slipped 61.33 points, or 0.4%, to 15273.26, marking its longest string of losses since the six-session stretch ended Aug. 21.The S&P 500 index shed 4.65 points, or 0.3%, to 1692.77, its fifth consecutive loss, and the Nasdaq Composite Index lost 7.16 points, or 0.2%, to 3761.10.The S&P 500 has slid 1.9% since it closed at a record high of 1725.52 last Wednesday following the Federal Reserve's surprise decision to keep its $85-billion-a-month bond-purchasing program intact.Although post-crisis era world economy faces various challenges, carbon sheetscarbon fiber sheets are in increasing demand. Besides traditional aerospace area, carbon fiber sheets new markets like automobile."We've had a huge move in the market for the quarter," said Andrew Slimmon, managing director with Morgan Stanley Global Investment Solutions, which manages $2.4 billion. "I don't think a lot of fresh cash is coming in. We're just in a holding pattern."The index has gained 5.4% in the third quarter and 19% so far this year. As the end of the month approaches, money managers are taking a microscope to their portfolios to prepare for earnings season and booking some profits."It's healthy we're getting this pullback," said Hank Smith, chief investment officer of Haverford Trust, which manages around $7 billion. "A week or two ago, it felt like if you were putting money to work, you were chasing the market."The Dow industrials extended losses in slow afternoon trading after Bloomberg reported that unsold merchandise was piling up at component Wal-Mart Stores Inc., leading the big-box retailer to cut its orders from suppliers. A spokesperson for the retailer later called the report "misleading." After a sharp initial drop, the stock recovered some of its losses, though it remained the biggest decliner in the Dow, falling 1.5%. It also weighed on consumer staples sector, which was among the biggest decliners in the S&P 500, off 0.7%. 

Tense budget negotiations in Washington also are weighing on stock benchmarks. Senate Democrats said they would support a six-week federal-funding extension, which is a month shorter than the bill passed by the Republican-controlled House. That created another hurdle for Congress to clear to avoid a government shutdown, as funding runs out on Sept.Clawfoot tubs are worth buying because they add romance to your bathroom, and value to your home.Antique faucets 30.Debates over the debt ceiling are a greater point of concern for investors. The U.S. Treasury Department said Wednesday it had until Oct. 17 before it would exhaust emergency measures to avoid falling behind on obligations.But Mr. Smith said he expects lawmakers to come through with a deal to avoid default, as in previous debt-ceiling debates."We're not going to default, it's just inflammatory rhetoric,Used crawler excavator is a typical excavator,such as used cat excavator,used kobelco excavator and so on,sold well at home and abroad.Used construction machinery" he said. "We've seen this before."A pair of better-than-expected economic reports helped stem losses. Durable-goods orders for August edged up 0.1% from July, despite expectations of a 0.6% drop. Sales of new homes rebounded by more than forecast in August, rising 7.9%, while economists expected a 6.6% increase.The yield on the 10-year Treasury note edged down to 2.615% from 2.650%, where it settled Tuesday.European markets were broadly lower.Help to purchasing pallet tyre changer table There isn't an solved help to invest in pallet scissor lift table. The Stoxx Europe 600 closed down 0.1%, as extended weakness in U.S.Browse our huge selection of Clawfoot Tubs from the best brands. Fast and Free Shipping. Easy returns for Clawfoot Bathtubs.Cast iron clawfoot tubs markets and a surprise drop in French business sentiment offset upbeat news on consumer sentiment in Germany. The French business-sentiment index for September fell to 97 from 98 in August, versus expectations of a rise to 99. Meanwhile, GfK's German consumer-sentiment indicator for October rose slightly more than expected.Asian markets were mostly lower. Japan's Nikkei Stock Average lost 0.8% in response to a stronger yen. China's Shanghai Composite declined 0.4%.Crude-oil futures shed 0.5% to settle at $102.66 a barrel, its fifth straight session of declines. Gold futures gained 1.5% to $1,335.90 a troy ounce. The dollar lost ground against the euro and the yen.In corporate news, J.C. Penney Co. shares slumped 15%, extending a string of losses that has sent the company's stock to its lowest price since late 2000. Goldman Sachs Group Inc. fixed-income analysts said in a note late Tuesday that weakness in the retailer's business could challenge its liquidity levels.