Optimism on ‘cliff’ buoys stocks
Posted: December 6, 2012 at 3:50 a.m.
Stocks closed higher Wednesday, their first gain of the week, as bank shares rose and comments by President Barack Obama made investors optimistic that a quick deal could be made to avoid the “fiscal cliff.” The fiscal cliff is a combination of automatic spending cuts and tax increases that are set to go into effect in January unless Congress acts before then.
This story is only available from our archives.
Business, Pages 26 on 12/06/2012
(Advertisement)
« Previous Story
Beef prices are forecast to rise in ’13
The world’s top beef producer expects U.S. cattle prices will jump 20 percent to a record next year as rain on grazing fields and corn crops prompts ranchers from Texas to ... Read »
Next Story »
Wal-Mart faces inquiry in India
An Indian government agency is investigating allegations that Wal-Mart Stores Inc. violated legal restrictions... Read »
Comments
To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Please read our comment policy.
Use the comment form below to begin a discussion about this content.
Registration is required to make comments. Click here to LOGIN.
You can register for FREE to post comments and receive alerts.