US STOCKS SNAPSHOT-Wall St cuts losses after constructive talk on fiscal cliff

NEW YORK Fri Nov 16, 2012 4:54pm GMT



NEW YORK Nov 16 (Reuters) - U.S. stocks pared losses on Friday, with the Dow and the S&P 500 turning positive, after congressional leaders said their meeting with President Obama about the "fiscal cliff" was constructive.

The Dow Jones industrial average was up 15.59 points, or 0.12 percent, at 12,557.97. The Standard & Poor's 500 Index was up 0.89 points, or 0.07 percent, at 1,354.22. The Nasdaq Composite Index was down 3.98 points, or 0.14 percent, at 2,832.95.


After wave of QE, onus shifts to leaders to boost economy

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.