Stocks End Mixed as Tax Compromise Stalls in House
New York, NY (AP) - 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 Thursday 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.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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