A Sinking Dow Can't Avert Fiscal Cliff Fearshttp://www.fool.com/investing/general/2012/12/28/a-sinking-dow-cant-avert-fiscal-cliff-fears.aspx Dan Carroll
December 28, 2012
Wall Street's on fiscal cliff watch again as the year winds down to a close, and it's taking the Dow Jones Industrial Average (INDEX: ^DJI) down with it. As of 2:15 p.m., the Dow's pushed lower by 90 points, or 0.7%, as the index threatens to cross back below the 13,000 mark. A mere two of the index's stocks are in the green on a day dominated by red, and with so many laggards, no sector is safe.
Waning hopes for a deal
Energy stocks in particular have been hammered in today's sell-off. On the Dow, big-oil members Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) rank among the worst Dow laggards of the day w