US
stocks fell for third day on Wednesday, after a report showed consumers
spent less in the holiday shopping season than last year.
The Dow Jones slipped 45.61 points, or 0.35 per cent, to 13,093.47,
while Standard & Poor's 500 Index shed 8.66 points, or 0.60 per
cent, to 1,418.
The Nasdaq Composite Index dropped 23.10 points, or 0.77 per cent, to 2,989.50.
Reports said that President Barack Obama is due back in Washington
for a final effort to negotiate a deal with Congress to bridge a series
of tax increases and government spending cuts set to begin next week.
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