Similarly, the Nasdaq ended negatively to 2960.31 after trimmed 0.9% and down 1.9% for the week. Even for this week, the Nasdaq had lost 2%.
Investors worried about the future of the U.S. economy that could potentially enter the phase of recession. Uncle Sam's economy will be burdened with tax hikes and budget cutbacks by January 1. But the threat could still be avoided if President Obama and the Republican stronghold of political compromise.
But until such time that more and more limited, Obama said no new proposals to avoid fiscal cliff. The market fell in the last trading year 2012 on Friday (28/12/2012).
Although on Friday afternoon, the leader of the Republican Party and the Democratic Party met with President Barack Obama at the White House. The goal for talks and seek a deal to prevent budget cuts and tax increases.
Drama about the moments of the U.S. economic recession is predicted to undermine the U.S. market in the first three weeks of 2013.
For economic data is released later this year pending home sales rose turned out for the third time in November. The index rose 1.7% to 106.4, the highest since April 2010.
As for the building permits in the U.S. in November was revised upward to 3.7% from October to 900,000. Building permits in November, originally reported up 3.6% at a seasonally 899 000.
