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World stocks slipped, the dollar gained and US shares fell for a
fifth day on Friday as the White House and US lawmakers made a late
attempt to avert the “fiscal cliff.”
The Dow Jones industrial
average dropped 158.20 points, or 1.21 percent, to 12,938.11 at the
close. The Standard & Poor-s 500 Index lost 15.67 points, or 1.11 percent, to 1,402.43. TheNasdaqComposite Index fell 25.59 points, or 0.86 percent, to end at 2,960.31.