U.S. Stocks Open Mixed Ahead of 'Fiscal Cliff' Dilemma
- 11 years ago
U.S. Stocks edged up in a choppy session on Monday as politicians bargained for a deal to avert the "fiscal cliff."
The fiscal cliff, or the $600 billion in automatic tax hikes and spending cuts, was set to go into effect January 1 unless Congress could agree on a last-minute deal.
The last trading session of the year is expected to be volatile on low volume and as investors keep a close eye on headlines out of Washington.
The Dow Jones industrial average .DJI was up 7.45 points, or 0.06 percent, at 12,945.56. The Standard & Poor's 500 Index .SPX was up 4.53 points, or 0.32 percent, at 1,406.96. The Nasdaq Composite Index .IXIC was up 17.63 points, or 0.60 percent, at 2,977.95.
The fiscal cliff, or the $600 billion in automatic tax hikes and spending cuts, was set to go into effect January 1 unless Congress could agree on a last-minute deal.
The last trading session of the year is expected to be volatile on low volume and as investors keep a close eye on headlines out of Washington.
The Dow Jones industrial average .DJI was up 7.45 points, or 0.06 percent, at 12,945.56. The Standard & Poor's 500 Index .SPX was up 4.53 points, or 0.32 percent, at 1,406.96. The Nasdaq Composite Index .IXIC was up 17.63 points, or 0.60 percent, at 2,977.95.