Share “Stocks trade mixed as budget talks continue”

Stocks trade mixed as budget talks continue

Published on NewsOK Modified: December 4, 2012 at 10:53 am •  Published: December 4, 2012
Advertisement

NEW YORK (AP) — Stocks are mixed in midday trading as investors wait for news out of budget talks being held in Washington.

Big Lots soared 9 percent after the discount retailer beat analysts' earnings forecasts and raised its estimate for full-year earnings.

The Dow Jones industrial average was up 16 points at 12,982 shortly before noon Tuesday.

The Standard & Poor's 500 index was down one point at 1,408. The Nasdaq composite index fell nine points to 2,993.

Pep Boys plunged 13 percent after posting a loss on weak sales at the company's auto stores and rising costs.

In Washington, talks are proceeding on how to avoid a fiscal crunch of higher taxes and government spending cuts set to automatically kick in at the beginning of the year.


AROUND THE WEB

  1. 1
    Baylor DE Shawn Oakman suspended for opener against SMU
  2. 2
    You need to check out Japan's Street View for cats right meow
  3. 3
    Oklahoma officials investigating dog-skinning case
  4. 4
    Man charged with raping, beating ex-girlfriend is named Tulsa's Most Wanted fugitive
  5. 5
    Former caregiver for foster families arrested on child porn complaints
+ show more

FEATURED JOBS



× Trending business Article