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

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

Business

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

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

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  • <iframe src="https://www.npr.org/player/embed/167953276/167953562" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

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.

DAVID GREENE, HOST:

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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