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Stocks mostly flat amid continued budget talks

| 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.

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