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US stocks dip in absence of 'fiscal cliff' deal

Published on Dec 27, 2012 6:38 AM
 
Traders work the floor at the New York Stock Exchange in New York, on Dec 26, 2012. United States (US) stocks fell on Wednesday amid uncertainty about whether a deal to avert the "fiscal cliff" could be reached by an end-of-year deadline. -- PHOTO: REUTERS

NEW YORK  (AFP) - United States (US) stocks fell on Wednesday amid uncertainty about whether a deal to avert the "fiscal cliff" could be reached by an end-of-year deadline.

The Dow Jones Industrial Average was down 24.49 points (0.19 per cent) to finish the session at 13,114.59.

The broad-market S&P 500 lost 6.83 points (0.48 per cent) at 1,419.83, while the tech-rich Nasdaq Composite shed 22.44 points (0.74 per cent) at 2,990.16.

"Investors in the US returned to business in the midst of the omnipresent tick-tick-ticking of the fiscal cliff clock," said analysts with Charles Schwab & Co.

 
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