FortWayne.com
 
  Text size  Increase text sizeDecrease text size      
Posted on Wed. Nov. 28, 2012 - 12:00 pm EDT

Stocks claw back on rising hope for a budget deal

DISCUSS
Comments
 

NEW YORK (AP) The stock market erased an early loss and was trading mixed at midday as hopeful signs emerged about the budget talks in Washington.

The Dow Jones industrial average came back from a 112-point loss and was up 16 points at 12,893 shortly before noon Eastern time Wednesday.

The Standard & Poor's 500 index was down less than a point at 1,398 and the Nasdaq composite was off a point at 2,966.

It was another day of knee-jerk responses in the stock market to headlines about talks between the White House and Congress about how to meet a year-end deadline for a budget deal.

Investors were encouraged by hopeful comments from House Speaker John Boehner. Republicans have been softening their opposition to increasing tax revenue as part of a comprehensive agreement.


Comments
 
Saturday
Saturday
High 35 °F
Low 26 °F
36 °F
Mostly Cloudy
Sponsored by Masters Heating & Cooling, Inc.
LOCAL BUSINESS SEARCH
Local Search
STOCK SUMMARY
Dow 17164.95-251.90
Nasdaq 4635.24-48.17
S&P 500 1994.99-26.26
AEP 62.81-0.91
Comcast 53.145-0.725
GE 23.89-0.19
ITT Exelis 17.11-0.35
LNC 49.98-1.50
Navistar 29.42-0.92
Raytheon 100.05-1.95
SDI 17.04+0.105
Verizon 45.71-0.40
  Stock Sponsor