No 'Fiscal Cliff' Deal Puts Wall Street In A Slump

Wall Street didn't get much of a gift at the end of last week. The Dow lost 120 points, or nine-tenths of a percent, on Friday. The slump is partly tied to events in Washington last week — a Republican plan to avoid the "fiscal cliff" came undone.

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NPR's business news begins with a visit to the holiday markets.

Wall Street did not get much of a gift at the end of last week. The Dow Jones lost 120 points, or nine-tenths of a percent, on Friday. The slump is partly tied to events here in Washington last week - a Republican plan to avoid the fiscal cliff came undone. Today brings a shortened trading day and Wall Street will be closed for Christmas.

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