The shortened holiday trading week proved to be quite unkind for many who had hoped that a fiscal cliff deal would be reached by now. Bearish pressures reigned supreme as gridlock in Washington D.C. encouraged profit taking ahead of the new year given the uncertain tax environment that 2013 holds in store. There is still lingering hope that policymakers will reach an agreement before the deadline, however, a “Hail Mary” resolution seems quite unlikely given the lack of negotiations seen thus far [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Global Market Overview: Stocks In Red With No Deal In Sight Looming fiscal cliff drama took its toll on Wall Street, sinking major equity indexes into red territory ahead of the weekend. The Dow Jones ETF led the way lower with a 1.17% loss on the day, while the Nasdaq ETF proved most resilient shedding just under one percentage point. On the international [...] Click here to read the original article on ETFdb.com. Related Posts: Favorite ETF Positions For 5 Super Investors Daily ETF Roundup: Congress Spooks Markets Ahead of Holidays Daily ETF Roundup: Stocks Decline As Budget Talks Turn Sour Daily ETF Roundup: Stocks Post Solid Gains On Budget Talks Daily ETF Roundup: Stocks Inch Higher On Jobs Data