US STOCKS SNAPSHOT-Wall St off 1 pct on budget, Middle East woes

NEW YORK Wed Nov 14, 2012 8:11pm GMT

NEW YORK Nov 14 (Reuters) - U.S. stocks extended losses and the Dow fell more than 1 percent on Wednesday as investors worried over U.S. budget negotiations and a flare-up of violence in the Middle East.

The Dow Jones industrial average was down 139.78 points, or 1.10 percent, at 12,616.40, after briefly falling more than 1 percent. The Standard & Poor's 500 Index was down 14.78 points, or 1.08 percent, at 1,359.75. The Nasdaq Composite Index was down 29.64 points, or 1.03 percent, at 2,854.25.

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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.