US STOCKS SNAPSHOT-Wall St cuts gains after Obama's remarks
NEW YORK Nov 9 (Reuters) - 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.
- Tweet this
- Share this
- Digg this
- Ukraine forces kill up to five rebels, Russia starts drill near border |
- Jodie Foster marries girlfriend Alexandra Hedison
- Boy and girl on Korean ferry drowned with life jackets tied together |
- Australia rules out link between debris and Malaysian plane
- Barclays chairman defends staff bonuses as Standard Life leads shareholder protests