Stocks tumble as 'fiscal cliff' deadline nears - Israel News, Ynetnews
 
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Stocks tumble as 'fiscal cliff' deadline nears

Published: 12.29.12, 00:14 / Israel News

Stocks fell for a fifth day on concern that Washington lawmakers will fail to reach a budget deal before a self-imposed year-end deadline. The five-day losing streak for the Dow Jones industrial average was the longest since July.

 

The Dow dropped 158.20 points, or 1.2%, to 12,938.11 points, with losses accelerating in the last 20 minutes of trading as reports circulated that President Barack Obama would not be making a new budget proposal in a meeting with congressional leaders. (AP) 

 

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