US STOCKS SNAPSHOT-Wall St trims gains, Obama says deal not done

NEW YORK Mon Dec 31, 2012 6:58pm GMT



NEW YORK Dec 31 (Reuters) - U.S. stocks trimmed gains on Monday as President Barack Obama said an agreement to prevent tax increases from beginning on New Year's day is in sight, but the deal is not done.

The Dow Jones industrial average was up 25.80 points, or 0.20 percent, at 12,963.91. The Standard & Poor's 500 Index was up 7.79 points, or 0.56 percent, at 1,410.22. The Nasdaq Composite Index was up 28.31 points, or 0.96 percent, at 2,988.62.


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.