US stock markets close in the red – weighed down by the debt dispute

New York, Dusseldorf The debt dispute in the United States is getting more and more unnerved by Wall Street investors. The Dow Jones index closed down 0.8 percent on Wednesday at 32,799 points. The Nasdaq index, which specializes in technology, fell 0.6 percent to 12,484 points. The Standard & Poor’s 500 index lost 0.7 percent to 4,115 points.

Investors are losing patience after another round of talks between the president’s office and Republican officials on raising the debt ceiling failed. “As we approach the expected deadline for US money to run out, markets are getting increasingly nervous if the standoff continues,” said Jamie Cox of Harris Financial Group. US Treasury Secretary Janet Yellen has warned that without raising the debt ceiling, the US has only until June 1st to pay the federal bills.