Wall St ends lower for 5th straight session
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)
- Tweet this
- Share this
- Digg this
- UPDATE 2-U.S. exits GM stake, taxpayers lose $10 billion
- UPDATE 1-Fannie Mae, Freddie Mac to hike mortgage guarantee fees
- Putin dissolves state news agency, tightens grip on media
- RPT-Record low temperature recorded in Antarctica -scientists
- China-Brazil satellite launch fails, likely fell back to Earth
This business of notes is livelihood for hundreds in Old Delhi, with vendors charging a fee of up to 20 percent to replace damaged banknotes. A mildly damaged 500 rupee note, for instance, can be exchanged for 480 rupees, while a bundle of crisp, new 10 rupee notes valued at 1,000 rupees is priced at 1,050 rupees. Full Article