S&P 500 and Nasdaq inch higher, fiscal cliff a concern

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Barclays cut its year-end target for the S&P 500 to 1,325, citing fiscal cliff issues. The S&P 500 dropped 2.4 percent last week, the worst week for the benchmark index since June. It closed below its 200-day moving average for the first time in five months, and an extended run under that level could signal further losses ahead. 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