November 28, 2012 / 2:43 PM / 5 years ago

Wall Street opens lower on 'cliff' worry

1 Min Read

A holiday decoration is seen over Wall St. sign outside the New York Stock Exchange, November 27, 2012.Brendan McDermid

NEW YORK (Reuters) - U.S. stocks opened lower on Wednesday, putting the S&P 500 on track for a third consecutive decline, as investors remained on edge given the lack of details on U.S. budget, or so-called fiscal cliff, talks.

The Dow Jones industrial average dropped 53.22 points, or 0.41 percent, to 12,824.91. The Standard & Poor's 500 Index dropped 7.44 points, or 0.53 percent, to 1,391.50. The Nasdaq Composite Index dropped 15.70 points, or 0.53 percent, to 2,952.09.

Reporting by Chuck Mikolajczak; Editing by Kenneth Barry

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