Stocks Down, 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.

 

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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