Channels

Wall St falls for fourth day over 'fiscal' fears
US stocks fell for a fourth day in a row on Thursday and a measure of investor anxiety hit its highest in five months after the top Senate Democrat warned a deal to avoid fiscal austerity measures may not be reached by the Dec. 31 deadline.

 

The comments by Senate Majority Leader Harry Reid just days before the hefty tax hikes and spending cuts go into effect pushed stocks down. The S&P 500 has lost 2.7% over the past four days, its worst such run in over a month. (Reuters)