Dow Jones Industrial Average, Fiscal Cliff | featured news

Dow Falls 158.20 in 'Cliff' Hit

Investors, gradually coming to believe that policy makers will fail to reach a meaningful agreement to avert the so-called fiscal cliff before a year-end deadline, dumped stocks Friday in a selloff that put the blue-chip index into the red for the month.

 

Let's say we go over the 'cliff'. How quickly will we feel the pain?

The markets are already fretting over the "fiscal cliff": On Thursday, the Dow seemed to surge and fall with every bit of micro-news about a deal or lack thereof, as Joe Weisenthal documented.

 

Major investors to fiscal cliff doomsayers: Chill out

The "fiscal cliff" sounds like a scary place. Headlines about "taxmaggeddon" are flashing on TV screens, next to clocks ticking down to Jan. 1. The Dow Jones Industrial Average has skidded more than 7 percent over the last month, largely due to concerns about the standoff in Congress over how to stop a barrage of tax hikes and spending cuts. But some major investors say the doomsayers are getting too much attention and cliff watchers should relax a bit.

 

Dow skids 300 points on 'fiscal cliff' worries

Stock Market

Stocks accelerated their post-election sell off across the board Wednesday, triggered by worries over the looming "fiscal cliff" and re-emerging fears over Europe's economy. The Dow fell below 13,000, while the S&P 500 traded under 1,400 for the first time since early September.

 

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