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Stocks continued their slide in a shortened Christmas Eve trading session as hope dimmed that Washington would fix the fiscal cliff before year's end.
The Dow Jones industrial average was down 38 points, or 0.3%, to 13,152 shortly after the opening bell on Wall Street. Volumes were expected to be light in the holiday session.
The broader Standard & Poor's 500 index lost 4 points, or 0.3%, to 1,426. The technology-heavy Nasdaq was down 9 points, or 0.3%, to 3,012.
After Speaker John Boehner's "Plan B" flopped in the U.S. House, investors have become more pessimistic about the chances that Congress and President Obama would resolve the so-called fiscal cliff by Dec. 31.
Major U.S. indexes fell about 1% Friday. Economists warn that automatic spending cuts and tax increases could push the U.S. economy back into a recession.
U.S. markets will close at 10 a.m. PDT on Monday.
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';
shareDiv.innerHTML = templateHTML;
/* append the new div to the end of the document, which is hidden already with CSS */
document.body.appendChild(shareDiv);
/* Store the div in both a regular JavaScript variable and as a jQuery object so we can reference them faster later */
var shareTip = document.getElementById('shareTip'),
$shareTip = $('#shareTip');
/* This extends our settings object with any user-defined settings passed to the function and returns the jQuery object shareTip
was called on */
return this.each(function() {
if (options) {
$.extend(settings, options);
}
/* This is a hack to make sure the shareTip always fades back to 100% opacity */
var checkOpacity = function (){
if ( $shareTip.css('opacity') !== 1 ){
$shareTip.css({'opacity': 1});
}
};
/* Function that replaces the HTML in the shareTip with the template we defined at the top */
/* It will wipe/reset the links on the social media buttons each time the function is called */
var removeLinks = function (){
shareTip.innerHTML = templateHTML;
};
/* This is the function that makes the links for the Tweet / Share functionality */
var makeURLS = function (link, message){
/* Here we construct the Tweet URL using an array, with values passed to the function */
var tweetConstruct = [
'http://twitter.com/share?url=', link, '&text=', message, '&via=', settings.twitter_account
],
/* Then join the array into one chunk of HTML */
tweetURL = tweetConstruct.join(''),
/* Same story for Facebook */
fbConstruct = [
'http://www.facebook.com/sharer.php?u=', link, '&src=sp'
],
fbURL = fbConstruct.join(''),
newHTML = [
''
],
shareHTML = newHTML.join('');
/* Load in our new HTML */
shareTip.innerHTML = shareHTML;
};
/* Since the shareTip will automatically fade out when the user mouses out of an element */
/* we have to specifically tell the shareTip we want it to stay put when the user mouses over it */
/* This effectively gives the user a 500 ms (or whatever) window to mouse */
/* from the element to the shareTip to prevent it from popping out */
$shareTip.hover(function(){
$shareTip.stop(true, true);
$shareTip.show();
checkOpacity();
}, function(){
$(this).fadeOut(settings.speed);
});
/* This function handles the hover action */
$(this).hover(function(){
/* remove the old links, so someone doesn't accidentally click on them */
removeLinks();
/* If there's already an animation running on the shareTip, stop it */
$shareTip.stop(true, true);
var eso = $(this),
message,
/* Store the width and height of the shareTip and the offset of the element for our calculations */
height = eso.height(),
width = eso.width(),
offset = eso.offset(),
link;
link = eso.children('a').attr('href');
message = escape( eso.find('img').attr('alt') ) || eso.attr(settings.message_attr);
if (link.search('http://') === -1){
link = 'http://www.latimes.com' + link;
}
link = encodeURIComponent(link);
/* If it's at the top of the page, the shareTip will pop under the element */
if (offset.top