Stocks inch lower as investors wait on budget
NEW YORK (AP) — Stocks were inching lower on Wall Street Friday as lawmakers seek to thrash out a budget agreement. The government also reported that consumer spending fell in October.
The Dow Jones industrial average was down 20 points to 13,001 as of 11:58 a.m. Eastern. The Dow fluctuated between small gains and losses for much of the morning.
The Standard and Poor's 500 was down 2 points to 1,414. The Nasdaq composite was down six points to 3,006.
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