US stocks slip, paring strong gains on cliff deal
Published on Jan 4, 2013 7:13 AM
NEW YORK (AFP) - United States (US) stocks closed lower on Thursday amid profit taking after shares rose strongly for two straight sessions driven by Congress's long-awaited deal to avert the economy-crunching fiscal cliff.
Also weighing in later trade were indications from the Federal Reserve that some of its core policy-makers favor wrapping up its bond-buying stimulus programs this year.
The Dow Jones Industrial Index fell 21.19 points (0.16 per cent) to 13,391.36.
The broad-based S&P 500 slipped 3.05 (0.21 per cent) to 1,459.37, while the Nasdaq Composite lost 11.69 points, or 0.38 per cent, at 3,100.57.
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