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Futures dip as US hurtles toward 'fiscal cliff'

 Floor traders work on the floor of the New York Stock Exchange Thursday, Dec. 27, 2012, in New York.  Stocks are edging higher on Thursday as hopes d...
 Floor traders work on the floor of the New York Stock Exchange Thursday, Dec. 27, 2012, in New York.  Stocks are edging higher on Thursday as hopes d...

Wall Street

Floor traders work on the floor of the New York Stock Exchange Thursday, Dec. 27, 2012, in New York. Stocks are edging higher on Thursday as hopes d...

Wall Street

Floor traders work on the floor of the New York Stock Exchange Thursday, Dec. 27, 2012, in New York. Stocks are edging higher on Thursday as hopes d...

U.S. stock futures are moving lower ahead of a last-chance effort by the White House and Congressional leaders to reach a budget deal before a year-end deadline.
Dow Jones industrial futures are down 45 points to 12,958. The broader S&P futures have lost 5.2 points to 1,405.50. Nasdaq futures are down 10.75 points to 2,611.75.
Top congressional leaders are meeting Friday afternoon for the first time since Nov. 16, and the House of Representatives convenes Sunday evening, with one day remaining in 2012.
If no deal is reached, tax hikes and spending cuts will automatically be set in motion and threaten to push the economy back into recession.


Updated : 2021-03-01 12:21 GMT+08:00