Wall St extends losses, Dow slides 1 percent

NEW YORK (Reuters) - U.S. 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 tumbled 125.33 points, or 0.96 percent, to 12,970.98. The Standard & Poor's 500 Index fell 11.66 points, or 0.82 percent, to 1,406.44. The Nasdaq Composite Index lost 16.81 points, or 0.56 percent, to 2,969.09.

(Reporting by Ryan Vlastelica; Editing by Jan Paschal)


Updated Date: Dec 29, 2012 03:00 AM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See