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home : business : business daily   February 5, 2016

12/24/2012 10:06:00 AM
Stocks morning





NEW YORK (AP) —Stocks fell in light trading Monday during a shortened holiday trading session with lawmakers running out of time to reach a deal that would prevent the U.S. from going over the so-called fiscal cliff.
The Dow Jones industrial average fell 32 points at 13,158. The Standard & Poor’s 500 index gave up 3.3 points to 1,426.9. The Nasdaq composite slipped 8 points to 3,013.
Sen. Joe Lieberman said Sunday that it “It’s the first time that I feel it’s more likely we’ll go over the cliff than not,” following the collapse late Thursday of House Speaker John Boehner’s plan to allow tax rates to rise on million-dollar-plus incomes. Wyoming Sen. Jon Barrasso, a member of the Republican leadership, predicted the new year would come without an agreement.
Barring a dramatic sell-off in the year’s final days of trading, stocks will end the year higher. The S&P 500 is currently 13 percent higher for the year; the Dow is almost 8 percent up and the Nasdaq is 16 percent higher.










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