Monday’s trading was light, as markets closed early at 1PM for Christmas, with little change in the major indexes. Trading resumed again on Wednesday, with stocks sliding moderately as holiday sales numbers were disappointing. On Thursday large early losses were mostly recovered on optimism that Congress and the President would work out an agreeable fiscal cliff plan. Still, the Dow lost ground for a fourth straight session. The week ended on Friday with large losses, as the optimism over a fiscal cliff plan waned. The Dow and the S&P 500 moved into negative territory for the month with just a half-day of trading left in the month.
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