Wall street drops on U.S. budget talks

Source: Reuters
© Scanpix/RS
U.S. shares went down on Thursday after previous improvement as investors confidence about avoiding spending cuts and tax hikes declined. Earlier this week, the U.S. President Barack Obama said he might veto the plan of Republicans which extends Bush-era tax cuts. The Dow Jones industrial average slipped 0.14% to 13,233.23, the S&P 500 Index declined 0.06% to 1,434.97 and the Nasdaq Composite Index dropped 0.14% to 3,040.18.
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