Stocks ended higher after flipping between small gains and losses amid uncertainty about the fiscal cliff. Trading volume was low. The GOP-controlled House pushed ahead with its plan to head off the New Year tax hikes and spending cuts but the president threatened a veto and Democratic leaders vowed to let it die in the Senate. And even reaching a compromise ‘doesn’t make everything better,’ said Tim Biggam, of TradingBlock. ‘It just stops things from getting worse.’ The market already assumes there’ll be a compromise, analysts say. Also at the forefront was news NYSE Euronext, parent of the New York Stock Exchange, will be sold.
Waiting on fiscal cliff compromise, stocks inch up
December 21, 2012
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