US STOCKS SNAPSHOT-Wall St cuts losses; House sets Sunday session

NEW YORK Thu Dec 27, 2012 8:17pm GMT

NEW YORK Dec 27 (Reuters) - U.S. stocks sharply cut losses in late-session trading on Thursday after news that the U.S. House of Representatives scheduled a session for Sunday, with the "fiscal cliff" deadline just around the corner.

The Dow Jones industrial average fell 60.73 points, or 0.46 percent, to 13,053.86. The Standard & Poor's 500 Index slipped 6.16 points, or 0.43 percent, to 1,413.67. The Nasdaq Composite Index shed 11.07 points, or 0.37 percent, to 2,979.08.

At midday, each of the three major U.S. stock indexes was down 1 percent.


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.