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US stocks dip on fiscal cliff worries

Published on Dec 5, 2012 5:57 AM

NEW YORK (AFP) - US stocks closed slightly lower Tuesday as Washington continued to wrangle over a budget plan that would avoid the year-end "fiscal cliff."

The Dow Jones Industrial Average was down 14.05 points (0.11 per cent) at 12,951.55 in closing trade.

The broad-market S&P 500 dipped 2.54 points (0.18 per cent) to 1,406.92 while the tech-rich Nasdaq Composite fell 5.51 (0.18 per cent) to 2,996.69.