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.


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.