Stocks Slip as Reid Cites 'Little Progress' in Fiscal Cliff Talks

November 27, 2012 2:41 PM EST
Markets appear to be slipping following comments from Senate Majority Leader Harry Reid (D) that there has been little progress made on fiscal cliff talks.

"We only have a couple weeks to get something done so we have to get away from the "happy talk" and do "specific things," Reid said. He said he has been "disappointed" by the lack of progress.

The Dow is off 74, the Nasdaq is down 5.5 and the S&P 500 is down 6.

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