Fiscal cliff whipsaws stocks as confidence dims

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—JCPenney fell nearly 6 percent, losing $1.23 to $19.52, after rising more than 4 percent the day before. The stock has been volatile as the company tries to remake its image to attract younger shoppers.

—Steinway Musical Instruments fell more than 4 percent, down $1.02 to $21.50, after announcing that it doesn’t plan to seek buyers.

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AP Business Writer Daniel Wagner contributed from Washington.

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