Saturday, December 29, 2012

Wall Street opens down before talks on "cliff" deal

NEW YORK (Reuters) - Stocks fell at the open on Friday as President Barack Obama and top lawmakers planned to make a last-ditch attempt at a budget deal to prevent the United States from going over the "fiscal cliff."

The Dow Jones industrial average <.dji> dropped 76.30 points, or 0.58 percent, to 13,020.01. The Standard & Poor's 500 Index <.spx> dropped 8.93 points, or 0.63 percent, to 1,409.17. The Nasdaq Composite Index <.ixic> dropped 19.94 points, or 0.67 percent, to 2,965.97.

(Reporting By Edward Krudy; Editing by Kenneth Barry)

Source: http://news.yahoo.com/stock-index-futures-steady-budget-talks-eyed-103953896--finance.html

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