How the Dow Jones industrial average fared Friday

"fiscal cliff," with declines accelerating at the end of the day on reports that President Barack Obama wouldn't make a new budget proposal in a meeting with congressional leaders.

The Dow Jones industrial average fell 158.20, or 1.2 percent, to 12,928.11.

The Standard & Poor's 500 fell 15.67, or 1.1 percent, to 1,402.43.

The Nasdaq composite index fell 25.59, or 0.9 percent, to 2,960.31.

For the week:

The Dow is down 252.73, or 1.9 percent.

The S&P 500 is down 27.72, or 1.9 percent.

The Nasdaq is down 60.70, or 2 percent.

For the year:

The Dow is up 720.55, or 5.9 percent.

The S&P 500 is up 144.83, or 11.5 percent.

The Nasdaq is up 355.16, or 13.6 percent.

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