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Stocks drop as hope for a budget deal slips away

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NEW YORK (AP) — Stocks are dropping again on Wall Street as investors lose hope that Washington will meet a self-imposed deadline for reaching a budget deal by year-end. The five-day losing streak for the Dow Jones industrial average was the longest since July. The Dow lost 158 points to close at 12,938 Friday. The Standard & Poor 500 index fell 15 points to 1,402 and the Nasdaq dropped 25...

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