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…

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