Thursday, December 20, 2012

Wall Street falls as "cliff" talks sour, but hopes remain

U.S. stocks sold off late in the day to close at session lows on Wednesday as talks to avert a year-end fiscal crisis turned sour, even as investors still expect a deal.

The S&P 500 slipped after a two-day rally that took the benchmark index to its highest close in two months. Defensive-oriented shares led the decliners, including health care and consumer staples.

http://www.reuters.com/article/2012/12/19/us-markets-stocks-idUSBRE8BG0D620121219