Stocks fell in light trading Monday during a shortened holiday trading session with lawmakers running out of time to reach a budget deal that would prevent the U.S. from going over the so-called fiscal cliff. Stocks closed early Monday before the Christmas.

The Dow Jones industrial average lost 51.76 points, or 0.4 percent, to close at 13,139.08.

The Standard & Poor's 500 index fell 3.49 points, or 0.2 percent, to 1,426.66.

The Nasdaq composite index fell 8.41, or 0.2 percent, to 3,012.60.

For the year:

The Dow is up 921.52, or 7.5 percent.

The S&P is up 169.06, or 13.4 percent.

The Nasdaq is up 407.45, or 15.6 percent.