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US stocks slip, paring strong gains on cliff deal

us stocks2NEW 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.

 

At the closing bell the Dow Jones Industrial Index was down 21.19 points (0.16 percent) at 13,391.36.

 

The broad-based S&P 500 slipped 3.06 (0.21 percent) to 1,459.36, while the Nasdaq Composite lost 11.69 points, or 0.38 percent, at 3,100.57.

 

Copyright AFP (Agence France-Presse), 2013