Reuters: Most Read Articles: Wall Street trims gains on Boehner comments

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Wall Street trims gains on Boehner comments Nov 29th 2012, 17:00 Tweet Share this Email Print Related News Wall Street jumps in another "fiscal cliff" swing Wed, Nov 28 2012 Global stocks recover on Boehner, euro pares drop Wed, Nov 28 2012 Wall Street falls, hit by Reid's "fiscal cliff" comments Tue, Nov 27 2012 Wall Street edges down after recent rally; retailers weigh Mon, Nov 26 2012 Global shares, euro rise on Greek hopes, German data Fri, Nov 23 2012 Analysis & Opinion Essential reading: Consensus on increasing tax revenue, a wide gulf on how to do it, and more Will Indian stocks end 2012 on a happier note? 1 of 5. Traders work on the floor of the New York Stock Exchange, November 27, 2012. Credit: Reuters/Brendan McDermid NEW YORK | Thu Nov 29, 2012 12:00pm EST NEW YORK (Reuters) - Stocks sharply trimmed earlier gains, with the Dow industrials and S&P 500 briefly dropping, after the top Republican in Congress, John Boehner, said there had been no substantive progress in fiscal talks over the last two weeks. The Dow Jones industrial average .DJI edged up 8.18 points, or 0.06 percent, to 12,993.29. The S&P 500 .SPX gained 3.11 points, or 0.22 percent, to 1,413.04. The Nasdaq Composite .IXIC added 11.85 points, or 0.40 percent, to 3,003.63. The S&P had gained as much as 0.7 percent before Boehner spoke. Discussions are ongoing in Washington over avoiding big spending cuts and tax hikes, dubbed the "fiscal cliff," that are due to take effect from January. (Reporting by Rodrigo Campos; Editing by Bernadette Baum) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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