Stocks pulled back in the final trading session of September, as investors continue to eye debates in Washington over a host of measures. There is chaos in Washington D.C. and Pelosi is losing control. Thursday night marks the deadline for Congress to vote on funding the government beyond September 30th. This morning, the Treasury Secretary reiterated her call for Congress to raise the debt ceiling, noting that failure to do so would be “catastrophic.”

All eleven sectors trade in the red with five down 1% or more, while the communication services sectors hold the slimmest loss.  The sector is helped by a strong performance on Netflix (NFLX) and continued strength in video game companies Electronic Arts (EA), Take-Two (TTWO) and Activision Blizzard (ATVI).

We think this is a huge overreaction and still see a spending bill and infrastructure happening.