Stocks open mixed as budget deadline nears
Published: December 31, 2012
Leave a comment
NEW YORK (AP) — Stocks are little changed in early trading on Wall Street as a budget deadline approaches with no deal in sight.
The Dow Jones industrial average was down six points at 12,931 shortly after the opening bell Monday.
Advertisement
The Standard & Poor's 500 index was up two points at 1,405 and the Nasdaq composite edged up 10 points to 2,970.
There are just hours to go before a midnight deadline, when sweeping tax increases and government spending cuts will go into effect unless lawmakers agree on a plan to cut the nation's budget deficit.
More than $500 billion in 2013 tax increases would take effect and $109 billion would be slashed from defense and domestic programs.
Senate Majority Leader Harry Reid says negotiations are ongoing.
If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.
New Rule in CALIFORNIA:
(MAY 2013): If You Pay For Car Insurance You Better Read This...
www.ConsumerFinanceDaily.com
(MAY 2013): If You Pay For Car Insurance You Better Read This...
www.ConsumerFinanceDaily.com
Mortgage Rates Hit 2.50%
White House Program Cuts Up to $1k off Monthly Payments! (2.90% APR)
www.SeeRefinanceRates.com
White House Program Cuts Up to $1k off Monthly Payments! (2.90% APR)
www.SeeRefinanceRates.com
Prev
