Credit: Shutterstock photoMarket sentiment dampened amid concerns over fiscal cliff as Democrats and Republicans appeared to fail to compromise on measures to deal with the problem. US's job data disappointed as impacts of hurricane Sandy became evident. These issues upstaged reemergence of geopolitical tensions in the Middle East with 3 Israelis killed in Gaza by bombing. Wall Street declined with the DJIA and S&P 500 indices losing -0.23% and -0.16% respectively. In the commodity sector, the front-month contract for WTI crude slipped -1.01% while the equivalent Brent crude contract retreated -1.46%. Gold plunged to a 6-day low of 1704.5 before settling at 1713.8, down -0.94%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
