STOCKS TUMBLE AFTER DEAL HOPES FADE AGAIN: Here's What You Need To Know

Sam Ro

REUTERS/Larry Downing

The U.S. Capitol dome is seen from the House side on Capitol Hill in Washington after the U.S. Government shut down last night, October 1, 2013.

It's day 15 of the U.S. government shutdown. And we're two days away from the October 17 debt ceiling.

First, the scoreboard:

And now the top stories:

Congress continues to fail America. Today was marked by a flurry of headlines reflecting steps forward and steps backward on a budget deal. "It's all fallen apart" on budget talks, said Senator Diane Feinstein at one point. Click Here For Full Coverage Of The Debt Ceiling Deal Talks »
According to the New York Fed, the Empire State manufacturing index fell to 1.52 in October, down from 6.29 in September. This was worse than the reading of 7 expected by economists. However, the new orders sub-index jumped five points to 7.8. "In general, robust vehicle sales, a recovery in exports and rising order backlogs all bode well for the manufacturing sector in the near term," said Deutsche Bank's Joe LaVorgna.
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