Stocks slide on ‘fiscal cliff’ warning
Published 11/28/2012, The Jamestown Sun
Stocks slumped on Wall Street Tuesday after Senate Majority Leader Harry Reid said he was frustrated by the lack of progress in talks over the U.S. budget impasse in Washington. The Dow Jones industrial average closed down 89.24 points to 12,878.13. The Dow and other indexes had been moving between small gains and losses for most of the day, then turned lower after Reid’s comments in the early afternoon.Word count: 704
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