Stocks Pare Losses on Optimism Over Tax Cuts

By: Associated Press
By: Associated Press

New York, NY (AP) - Stocks are finishing November on a down note as
investors worry that Europe's debt crisis will continue to spread.

Major indexes pared their losses Tuesday after President Barack
Obama and Republican leaders said they would try to find a way to
extend Bush-era tax cuts.

According to preliminary calculations, the Dow Jones industrial
average fell 47, or 0.4 percent, to 11,006.

The S&P 500 fell 7, or 0.6 percent, to 1,181. The Nasdaq
composite index fell 27, or 1.1 percent, to 2,498. All three
indexes are down for the month.

Two shares fell for every one that rose on the New York Stock
Exchange. Trading volume came to 1.5 billion shares.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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