Tags: markets | cut | gains | obama

Wall Street Cuts Gains After Obama's Remarks

Friday, 09 Nov 2012 02:02 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

U.S. stocks cut gains on Friday after President Barack Obama invited congressional leaders to the White House to start negotiating a deal to prevent sharp tax hikes and spending cuts. The president, however, outlined a position still far apart from that of his political opponents.

The Dow Jones industrial average dropped 14.05 points, or 0.11 percent, to 12,797.27. The Standard & Poor's 500 Index gained 2.68 points, or 0.19 percent, to 1,380.19. The Nasdaq Composite Index gained 12.77 points, or 0.44 percent, to 2,908.35.

Earlier on Friday, the Dow had been up 0.5 percent, while both the S&P 500 and the Nasdaq had been up as much as about 1 percent.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Robin Williams's Ashes Scattered in San Francisco Bay

Thursday, 21 Aug 2014 23:05 PM

The cremated remains of Hollywood actor Robin Williams, found dead on August 1 after an apparent suicide, were spread in . . .

Ex-Governor Says at Virginia Trial He and Wife Separated

Thursday, 21 Aug 2014 19:59 PM

Robert McDonnell, the former Virginia governor on trial for corruption, said he no longer lives with his wife, reinforci . . .

Rasmussen Poll: Most Say Immigrant Kids Shouldn't Get Schooling

Thursday, 21 Aug 2014 18:50 PM

Most Americans don't think illegal immigrant children ought to be allowed to attend local schools, a new poll released T . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved