The NASDAQ Composite Index fell 174.72 points (-6.90%) closing at 2,357.69,  the S&P 500 Index shed 79.92 points (-6.66%), the New York Stock Exchange  lost 523.02 points (-7.05%), finishing the day at 6,896.05, and the Dow Jones  Industrial Average lost 634.76 points (-5.55%) to close at 10,809.85. Both the  Dow ...
Jun 24, 2016 ... The news was even worse overseas, where Japanese stocks sank 8%, French  shares were off about 8%, and the German market lost 7% of its value ... the day  after the congressional debt ceiling standoff in August 2011; and the day after  strikes began in Spain in the early stages of the European debt crisis ...
Both situations would likely have led to a significant international financial crisis.  On July 31, two days prior to when the Treasury estimated the borrowing  authority of the United States would be exhausted, Republicans agreed to raise  the debt ceiling in exchange for a complex deal of significant future spending cuts .
Aug 4, 2011 ... World stock markets tumble sharply again, as the eurozone crisis and fears over  the global economy cause unease. ... One interesting theory doing the rounds is  that US traders simply got distracted by the soap opera that surrounded the battle  to raise America's debt ceiling. Now they are taking a closer ...
In 2011, the United States reached a crisis point of near default on public debt.  The delay in raising the debt ceiling resulted in the first downgrade in the United  States credit rating, a sharp drop in the stock market, and an increase in  borrowing costs. Congress raised the debt limit with the Budget Control Act of  2011, which ...
Because of the 2011 debt ceiling fight, "the stock market lost 2,000 points."