Stocks dip with budget deal in doubt
Stocks fell in light trading Monday during a shortened holiday trading session with lawmakers running out of time to reach a budget deal that would prevent the U.S. from going over the so-called fiscal cliff.
The Dow Jones industrial average fell 52 points to 13,139.08. The Standard & Poor’s 500 index gave up 3 points to 1,426.66. The Nasdaq composite slipped 8.4 points to 3,012.60.
In more than a dozen interviews with The Associated Press, conservative activists said they would rather see the country fall off the cliff than agree to any tax increases for any Americans, no matter how wealthy.
With many in Washington away for the holidays, that scenario appears increasingly likely.
FDA warns doctors of counterfeit Botox
Federal regulators have warned more than 350 medical practices that Botox they may have received from a Canadian supplier is unapproved and could be counterfeit or unsafe.
The Food and Drug Administration said in a letter sent last month, which was released publicly last week, that batches of the wrinkle treatment shipped by suppliers owned by pharmacy Canada Drugs have not been approved by the FDA and that the agency cannot assure their effectiveness or their safety.
The FDA said Canada Drugs previously was tied to shipping unapproved and counterfeit cancer drugs.
From wire reports
Selected local stocks
Aqua America, .70, 25.05 .20
Clear Channel, .73 31.61 .13
Cortland Bancorp, 9.70.00
Farmers Nat., .126.07 —.15
First Energy, 2.20, 41.74.13
FirstMerit Corp., .64,14.36 .06
First Niles Financial, .32,7.15.04
First Place Fin., .007.00
FNB Corp., .48,10.78—.04
General Electric, .68,20.80—.08
Motors Liquidation, .0422.00
Huntington Bank, .16, 6.33—.04
JP Morgan Chase, 1.20,43.893—.11
Key Corp, .20,8.453—.00
LaFarge, 15.60 —.24
Macy’s, .80, 37.41—.10
Parker Hannifin, 1.64, 84.85—.30
RTI Intl. Metals,27.07—.06
Simon Prop. Grp.,4.40,157.82.02
Stoneridge 5.05 —.08
United Community Fin. 3.06—.28
Selected prices at 4 p.m. Monday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.