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Wall Street Closes Early with Stocks Down

Business

0  Updated at 3:19 pm, December 24th, 2012 By: ABC Digital

Hemera/Thinkstock(NEW YORK) — It was an abbreviated trading day on Wall Street on Monday. Investors are getting concerned whether lawmakers will reach a budget deal that will prevent the economy from going over the fiscal cliff.  

In a shortened holiday trading session the Dow fell 52 points, it’s biggest drop this month.  The S&P gave up 3, and the Nasdaq lost 8.   

Congress is expected back on Thursday, but that only leaves four days to reach a deal.

Also, there was another drop in Herbalife stock.  The stock has tumbled 43 percent this month since a hedgefund founder claimed the nutritional supplements company is a pyramid scheme.

Copyright 2012 ABC News Radio


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