Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

Snapshot

Investors sending signals to lawmakers

Continue reading below

Investors sent Washington a reminder Friday that Wall Street is a power player in talks to avoid the fiscal cliff. Stocks fell sharply after House Republicans called off a vote on tax rates and left budget talks in disarray. The Dow closed down 120.88 points. The decline Friday demonstrated that investors’ nerves are raw as they await a resolution. If the full fiscal cliff takes effect, economists say it could drag the US into recession next year. If budget talks dragged on, many businesses might put off investment or hiring, and consumer spending could suffer. That’s why most economists say it would be crucial to reach a deal within the first two months of 2013.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week