Dow Jones Industrial Average declined 0.4 percent; S&P 500 fell 0.6 percent

U.S. stocks closed down yesterday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress.   U.S. stocks closed down yesterday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labour market data rattled investors who fear the Federal Reserve might hike interest rates again in June. The Dow Jones Industrial Average declined 0.4 percent. The Nasdaq Composite and the S&P 500 fell 0.6 percent.