US STOCKS SNAPSHOT - Wall St opens lower on euzo zone, fiscal cliff

NEW YORK Fri Nov 9, 2012 2:33pm GMT

NEW YORK Nov 9 (Reuters) - U.S. stocks fell at the open on Friday, putting the S&P on track for a third straight decline and its worst weekly retreat in five months, as the euro zone crisis extended its reach and investors fretted over a looming U.S. "fiscal cliff."

The Dow Jones industrial average dropped 64.66 points, or 0.50 percent, to 12,746.66. The Standard & Poor's 500 Index lost 4.11 points, or 0.30 percent, to 1,373.40. The Nasdaq Composite Index fell 5.42 points, or 0.19 percent, to 2,890.16.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.