US STOCKS SNAPSHOT - Stocks briefly edge down after Philly Fed
NEW YORK Nov 15 (Reuters) - U.S. stocks briefly were lower after data showed manufacturing activity in the mid-Atlantic region contracted more than expected in November, although the data was affected by superstorm Sandy.
The Dow Jones industrial average dropped 14.78 points, or 0.12 percent, to 12,556.17. The Standard & Poor's 500 Index dropped 0.86 point, or 0.06 percent, to 1,354.63. The Nasdaq Composite Index dropped 6.28 points, or 0.22 percent, to 2,840.52.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.