U.S. stock indexes retreat on ‘cliff’ worries
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Posted On: 11/26/2012 6:35:37 PM
U.S. stock indexes retreat on ‘cliff’ worries
S&P 500 slides after five-session run higher
NEW YORK (MarketWatch) — U.S. stocks finished mostly lower on Monday, with the S&P 500 Index ending a five-session winning streak, as lawmakers readied to debate the so-called fiscal cliff.
“It’s like coming back to earth in terms of reality sinking back in. We started this with a lot of good feelings and nice words, but coming to a real deal is a lot harder,” said Bill Stone, chief investment strategist at PNC Asset Management Group, of White House and congressional efforts to reach a budget deal.
http://www.marketwatch.com/story/us-stock-ind...2012-11-26
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