Tags: markets | cut | gains | obama

Wall Street Cuts Gains After Obama's Remarks

Friday, 09 Nov 2012 02:02 PM

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.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
US
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...
markets,cut,gains,obama
111
2012-02-09
Friday, 09 Nov 2012 02:02 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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