LIVE MARKET UPDATE

Wednesday 9 January 2013

U.S MARKET UPDATE

U.S. stocks declined on Tuesday as the market continued its retreat from last week-s rally on the "fiscal cliff" deal in Congress as investors awaited the start of the earnings season with muted expectations.

       The Dow Jones industrial average dropped 55.44 points, or 0.41 percent, to 13,328.85. The Standard & Poor-s 500 Index fell 4.74 points, or 0.32 percent, to 1,457.15. The Nasdaq Composite Index lost 7.01 points, or 0.23 percent, to 3,091.81. 

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