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Stocks end mixed as tax compromise stalls in House
Source: Agencies |
December 10, 2010, Friday
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US stocks are closing mixed as traders wait to see whether a tax compromise brokered by the White House and Republicans will pass the Democratic-controlled House.
House Democrats pledged yesterday to reject the tax deal as it is currently written. The compromise reached by President Barack Obama and Republican leaders would extend tax cuts for all income levels for two years.
According to preliminary calculations, the Dow Jones Industrial average fell 2, or less than 0.1 percent, to 11,370. The Standard and Poor's 500 index rose 5 points, or 0.4 percent, to 1,233. The Nasdaq composite rose 8, or 0.3 percent, to 2,617.
Four stocks rose for every three that fell on the New York Stock Exchange. Trading volume came to 1.1 billion shares.
House Democrats pledged yesterday to reject the tax deal as it is currently written. The compromise reached by President Barack Obama and Republican leaders would extend tax cuts for all income levels for two years.
According to preliminary calculations, the Dow Jones Industrial average fell 2, or less than 0.1 percent, to 11,370. The Standard and Poor's 500 index rose 5 points, or 0.4 percent, to 1,233. The Nasdaq composite rose 8, or 0.3 percent, to 2,617.
Four stocks rose for every three that fell on the New York Stock Exchange. Trading volume came to 1.1 billion shares.
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