Wall St ends lower for 5th straight session

NEW YORK Sat Dec 29, 2012 2:51am IST

The Wall Street sign is seen near the New York Stock Exchange, November 19, 2012. REUTERS/Chip East/Files

The Wall Street sign is seen near the New York Stock Exchange, November 19, 2012.

Credit: Reuters/Chip East/Files

Related Topics

NEW YORK (Reuters) - U.S. stocks fell for a fifth straight day on Friday, dropping 1 percent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight.

Based on the latest available data, the Dow Jones industrial average fell 158.20 points, or 1.21 percent, to finish unofficially at 12,938.11. The Standard & Poor's 500 Index dropped 15.67 points, or 1.11 percent, to close unofficially at 1,402.43. The Nasdaq Composite Index lost 25.59 points, or 0.86 percent, to end unofficially at 2,960.31.

For the week, the Dow and the S&P 500 each lost about 1.9 percent, while the Nasdaq dropped 2 percent.

(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)

FILED UNDER:

Reuters Showcase

FMC-SEBI Merger

FMC-SEBI Merger

Regulatory shakeup could revive commodities markets   Full Article 

Market Eye

Market Eye

Sensex, Nifty end higher after bumpy budget-day trading  Full Article 

Tax Incentives

Tax Incentives

Budget woos foreign investors  Full Article 

Excise Duty

Excise Duty

Cigarette makers fall after budget hikes excise duty  Full Article 

Welcoming the Budget

Welcoming the Budget

India Inc cheers corporate tax cut, simpler rules  Full Article 

Gold Price

Gold Price

Gold prices to rise after budget keeps import duty high  Full Article 

Fuel Prices

Fuel Prices

IOC to raise diesel, petrol prices from Sunday  Full Article 

Moody's on Budget

Moody's on Budget

Budget "credit neutral" from a ratings perspective - Moody's   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage