TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Stocks mostly flat amid continued budget talks

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
Tuesday, Dec. 4, 2012, 5:24 p.m.
 

NEW YORK — Stocks were mostly unchanged on Tuesday as more budget talks were under way in Washington.

The Dow Jones industrial average traded in a narrow range of just 82 points before closing down 13.82 points at 12,951.78.

The Standard and Poor's 500 was down 2.41 points to 1,407.05.

The Nasdaq composite was down 5.51 at 2,996.69.

The S&P 500 has risen 12 percent this year.

High debt levels and slowing global growth will weigh on the economy, Gross said.

The yield on the 10-year Treasury note fell 1 basis point to 1.61 percent.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Methane leaks reportedly decrease in Pennsylvania
  2. Board shake-up caps restructuring at Pittsburgh-based Education Management
  3. Paragon Foods’ growth —and planned move — in line with local produce demand
  4. Small relief on airfare prices ahead
  5. U.S. Steel puts 1,400 workers on notice to curb costs
  6. ESPN says Verizon’s new FiOS TV packages violate agreements
  7. GE in talks to sell lending, leasing portfolio to Wells Fargo
  8. Pa. employers shed 12,700 jobs in March; unemployment rate rises to 5.3 percent
  9. MedExpress bought by United Health Group
  10. Volcker proposes reorganized regulatory system in response to 2008 credit crisis
  11. American Eagle closing Marshall distribution facility by July