US STOCKS SNAPSHOT - Wall St opens down before talks on 'cliff' deal

NEW YORK Fri Dec 28, 2012 2:35pm GMT

NEW YORK Dec 28 (Reuters) - U.S. stocks fell at the open on Friday as President Barack Obama and top lawmakers planned to make a last-ditch attempt at a budget deal to prevent the United States from going over the "fiscal cliff."

The Dow Jones industrial average dropped 76.30 points, or 0.58 percent, to 13,020.01. The Standard & Poor's 500 Index dropped 8.93 points, or 0.63 percent, to 1,409.17. The Nasdaq Composite Index dropped 19.94 points, or 0.67 percent, to 2,965.97.

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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.