Stocks slip as progress on the cliff is elusive
Stocks fell a second day as worries about US budget talks — the Senate majority leader sees little progress on the fiscal cliff — overshadowed rosier data on durable goods and Europe’s deal to aid Greece. Some say not avoiding the cliff could bring a recession. Hewlett-Packard lost 3%, the most on the Dow, as the fight goes on over whether Autonomy cooked its books before HP bought it. Seagate fell 5.1%, the most on the S&P 500, on a report PC makers face not only a tough economy but the rise of tablets.