U.S. Stocks Fall Amid Talks on Fiscal Cliff, Greek Aid

U.S. stocks fell, following the Standard & Poor’s 500 Index’s biggest weekly gain since June, as lawmakers prepared to debate the so-called fiscal cliff and euro-area finance ministers discuss Greek aid.

Nine out of 10 groups in the S&P 500 (SPX) slid. UnitedHealth Group Inc. (UNH) slumped 1.8 percent after providing a profit forecast below analysts’ estimates. DreamWorks Animation SKG Inc. lost 4.8 percent as “Rise of the Guardians” opened in fourth place in cinemas over the Thanksgiving weekend. Abercrombie & Fitch Co. (ANF) rallied 1.2 percent while Macy’s Inc. (M) slumped 3.8 percent as retailers extended deals into Cyber Monday.

The S&P 500 fell 0.6 percent to 1,400.29 at 11:48 a.m. in New York, after the benchmark index jumped 3.6 percent last week. The Dow Jones Industrial Average slid 90.92 points, or 0.7 percent, to 12,918.76 today. Trading in S&P 500 companies was 24 percent below the 30-day average at this time of day, according to data compiled by Bloomberg....

More?  Go to http://www.bloomberg.com/news/2012-11-26/u-s-stock-futures-fall-amid-talks-on-budget-greek-aid.html