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S&P 500 Drops 1% as Debt-Ceiling Deadline Looms

U.S. stocks ended lower on Tuesday as investor jitters grew over limited progress in debt-ceiling negotiations. The Dow Jones Industrial Average dropped 231 points, or 0.7%, to 33,055, while the S&P 500 and Nasdaq Composite fell 1.1% and 1.3%, respectively. Yields on Treasury bills maturing between early and mid-June rose to 6%,