U.S. stocks fell on Thursday and could be in line for more weakness as worries about Washington’s ability to find a timely solution to the “fiscal cliff” dominate investor thinking in coming weeks.
The Dow Jones industrial average lost 121.41 points, or 0.94 percent, to end at 12,811.32. The Standard & Poor’s 500 Index fell 17.02 points, or 1.22 percent, to 1,377.51, ending at its lowest level since Aug. 2. The Nasdaq Composite Index dropped 41.70 points, or 1.42 percent, to close at 2,895.58.
www.globalmountmoney.co
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