How the major US stock indexes fared Wednesday

Last Updated: Wed, Nov 14, 2012 22:45 hrs

"fiscal cliff." Higher taxes on wealthy American would have to be part of any deal, Obama told reporters at a briefing in Washington.

The Dow closed down 185.23 points, or 1.5 percent, at 12,570.95.

The Standard & Poor's 500 index fell 19.04 points, or 1.4 percent, to 1,355.49.

The Nasdaq composite index lost 37.08 points, or 1.3 percent, to 2,846.81.

For the week:

The Dow is down 244.44 points, or 1.9 percent.

The S&P 500 index is down 24.36 points, or 1.8 percent.

The Nasdaq is down 58.06 points, or 2 percent.

For the year:

The Dow is up 353.39 points, or 2.9 percent.

The S&P 500 is up 97.89 points, or 7.8 percent.

The Nasdaq is up 241.66 points, or 9.3 percent.

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