The Straits Times
Published on Dec 27, 2012

US stocks dip in absence of 'fiscal cliff' deal


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.