US STOCKS SNAPSHOT-Wall Street trims gains on Boehner comments
NEW YORK Nov 29 (Reuters) - U.S. stocks sharply trimmed earlier gains, with the Dow industrials and S&P 500 briefly dropping, after the top Republican in Congress, John Boehner, said there had been no substantive progress in fiscal talks over the last two weeks.
The Dow Jones industrial average edged up 8.18 points, or 0.06 percent, to 12,993.29. The S&P 500 gained 3.11 points, or 0.22 percent, to 1,413.04. The Nasdaq Composite added 11.85 points, or 0.40 percent, to 3,003.63.
The S&P had gained as much as 0.7 percent before Boehner spoke.
Discussions are ongoing in Washington over avoiding big spending cuts and tax hikes, dubbed the "fiscal cliff," that are due to take effect from January.
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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.