Read as much as you want on, anywhere and anytime, for just 99¢.


Stocks little changed as budget talks continue

Continue reading below

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.

Loading comments...

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week