MONEYWATCH
Stocks sink after Republicans cancel budget vote
December 21, 2012
December 21, 2012
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NEW YORK Investors sent Washington a reminder Friday that Wall Street is a power player in talks to avoid the "fiscal cliff."
Stocks fell sharply after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect.
The Dow Jones industrial average closed at 13,191, down 121 points. The Standard & Poor's 500 index fell 14 points at 1,430. The Nasdaq composite index lost 29 to 3,021.
World stocks fall over "fiscal cliff" worries "Plan B" is dead; what's next for "fiscal cliff"?
Stocks fell sharply after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect.
The Dow Jones industrial average closed at 13,191, down 121 points. The Standard & Poor's 500 index fell 14 points at 1,430. The Nasdaq composite index lost 29 to 3,021.
World stocks fall over "fiscal cliff" worries "Plan B" is dead; what's next for "fiscal cliff"?
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