20 Wall Street extends losses, Dow slides 1 percent - IBTimes UK

Wall Street extends losses, Dow slides 1 percent

December 28, 2012 8:49 PM GMT

Stocks extended their losses on Friday, with the Dow falling 1 percent as President Barack Obama and top lawmakers met in a last-ditch attempt at a budget deal to prevent the United States from going over the "fiscal cliff."

The Dow Jones industrial average <.DJI> tumbled 125.33 points, or 0.96 percent, to 12,970.98. The Standard & Poor's 500 Index <.SPX> fell 11.66 points, or 0.82 percent, to 1,406.44. The Nasdaq Composite Index <.IXIC> lost 16.81 points, or 0.56 percent, to 2,969.09.

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(Reporting by Ryan Vlastelica; Editing by Jan Paschal)

Copyright 2012 Thomson Reuters. All rights reserved.

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