Stocks barely budged as US budget talks continued. The president said a plan by the House speaker was ‘‘still out of balance’’ and insisted the wealthy pay higher taxes. Trading will be increasingly more volatile the longer the fiscal-cliff talks progress without a deal, said JJ Kinahan, at TD Ameritrade. Still, the market has gained back nearly all of a post-election slide. The S&P 500 is about 1.5% below where it was Nov. 6. By mid-November it had dropped as much as 5%. The index is up 12% this year. But high debt and slowing global growth will weigh on the economy, Bill Gross, managing director of PIMCO, told investors.
Stocks little changed as budget talks continue
December 05, 2012
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