AOL.com Video - U.S. Stocks Drop at Open as 'Cliff' Progress Stalls

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U.S. Stocks Drop at Open as 'Cliff' Progress Stalls

Description:U.S stocks sank more than 1 percent on Friday (December 21) after a Republican proposal for averting the "fiscal cliff" failed to pass, diminishing hopes a deal would be reached soon in Washington. Trading is expected to be volatile as investors view a fiscal agreement between the White House and Republicans before the year-end as increasingly unlikely. With volume thin ahead of the holidays, market swings could be amplified. The CBOE Volatility index jumped 11.5 percent. Late on Thursday, Rep (1:01)

Source: IBTimesTV

Tags: ibtimestv , cliff , drop , open