Wall Street Closes Early with Stocks Down
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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.
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