Positive economic data failed to bring stock indexes out of a four-day slump Friday as investors focused on "fiscal cliff" talks in Washington.
Investors fear an economic drop would be unavoidable if lawmakers don't reach an agreement regarding tax issues, spending cuts and the budget deficit by Tuesday.
The National Association of Realtors said its pending home sales index rose in November, climbing 1.7 percent for the third consecutive monthly gain.
The Chicago Business Barometer rose for the third consecutive month in December, albeit from a 3-year low in September, an Institute for Supply Management report said.
Major market indexes were in the red, Friday. By close of trading, the Dow Jones industrial average lost 158.20 points -- 1.21 percent -- to 12,938.11. The Nasdaq lost 25.59 points (0.86 percent) to 2,960.31.
The Standard and Poor's 500 shed 15.67 points (1.1 percent) to 1,402.43.
On the New York Stock Exchange, 972 stocks advanced and 2,084 declined on a volume of 2.4 billion shares traded.
The 10-year treasury note was up 11/32 to yield 1.701 percent.
The euro fell to $1.3217 from Thursday's $1.3237. The dollar fell to 85.96 yen from 86.11 yen.
In Tokyo, the Nikkei 225 index added 0.7 percent, 72.20 points, to 10,395.18.
In London, the FTSE 100 index dropped 0.49 percent, 28.93 points, to 5,925.37.
Most Popular Stories
- NSA Defends Global Cellphone Tracking Legality
- Ad Counts Rise in 2013 for Hispanic Magazines
- Top Websites for U.S. Hispanics
- Networks Vie for U.S. Hispanic TV Viewers
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Apple Activates Customer-Tracking iBeacon
- Dell Offers Undisclosed Number of Employee Buyouts
- 2013 Tech Gift Guide: iPad Mini Still Hot; Chromecast a Great Low-Cost Option
- Authorities Close to Deal with JPMorgan Chase over Madoff Response
- A Biography of Jonathan Ive, Apple's Creative Chief