Sunday, Sep 25, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Stocks edge lower as 'fiscal cliff' deadline nears

NEW YORK — Stocks are edging lower for a fifth day on concern that Washington lawmakers will fail to reach a budget deal before a year-end deadline.

The Dow Jones industrial average slid 69 points to 13,027 shortly before midday today. It was down as much as 109 points earlier.

The Standard & Poor 500 index fell seven points to 1,411 and the Nasdaq dropped nine points to 2,978.

If stocks end lower, it will mark the longest losing streak in three months.

President Obama has returned from a Christmas break in Hawaii and will meet with congressional leaders at the White House to try thrash out the terms of a deal that would prevent across-the-board tax increases for millions of Americans as well as simultaneous government spending cuts beginning Jan. 1.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…