Stocks gained on signs lawmakers are edging toward a deal to avoid the fiscal cliff. The president said he believes both parties can reach a ‘framework’ on a debt-cutting deal before Christmas; the House speaker says he’s optimistic a solution can be forged. Concern that Congress won’t find a better plan than letting automatic tax increases and deep spending cuts kick in at the beginning of the year has weighed on stocks since the Nov. 6 elections, which returned a divided government to power. Uncertainty about a possible increase in capital gains taxes has been prompting investors to sell, some market watchers say.
Stocks gain on hopes for a deal to avoid fiscal cliff
November 29, 2012
Read it all, now.
Don't miss any of your favorite stories again. Read the stories that matter to you as much as you want, whenever you want when you subscribe to BostonGlobe.com.
Get full access today for just 99¢