Stocks edge lower as 'fiscal cliff' deadline nears
NEW YORK (AP) — Stocks edged lower for a fifth day on concern that Washington lawmakers will fail to reach a budget deal before a year-end deadline.
The Dow Jones industrial average slid 69 points to 13,027 shortly before midday Friday. It was down as much as 109 points earlier. The Standard & Poor 500 index fell seven points to 1,411 and the Nasdaq dropped nine points to 2,978.
If stocks end lower, it will mark the longest losing streak in three months.
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