US stocks slip, paring strong gains on cliff deal

NEW YORK—US stocks closed lower Thursday amid profit taking after shares rose strongly for two straight sessions driven by Congress’s long-awaited deal to avert the economy-crunching fiscal cliff.

 

Also weighing in later trade were indications from the Federal Reserve that some of its core policy-makers favor wrapping up its bond-buying stimulus programs this year.

 

The Dow Jones Industrial Index fell 21.19 points (0.16 percent) to 13,391.36.

 

The broad-based S&P 500 slipped 3.05 (0.21 percent) to 1,459.37, while the Nasdaq Composite lost 11.69 points, or 0.38 percent, at 3,100.57.

 

Stocks rose strongly on Monday and Wednesday as Cong…

Keep on reading: US stocks slip, paring strong gains on cliff deal

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