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.


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.