Arab Today, arab today us stocks close flat as \fiscal cliff\ looms
Last Updated : GMT 16:46:11
Arab Today, arab today
Arab Today, arab today

US stocks close flat as \'fiscal cliff\' looms

Arab Today, arab today

Arab Today, arab today US stocks close flat as \'fiscal cliff\' looms

New York - XINHUA

U.S. stocks closed lower in choppy trading on Thursday as the deadline for the \"fiscal cliff\" neared. The main indexes began drifting lower in the morning session after Senate Majority Leader Harry Reid said a deal before the \" fiscal cliff\" deadline appeared unlikely because of a lack of progress in bipartisan negotiations. In late-session trading, however, Wall Street pared most of its earlier losses after GOP aides in the House of Representatives told media that House members would reconvene Sunday to resume talks. The CBOE Volatility Index (VIX), a widely used gauge of fear in the market, once jumped above 20, not seen since July. Investors were growing more and more worried about the fiscal gridlock. A lower consumer confidence index released by the Conference Board, an industry group, reflected fears among U.S. consumers for the upcoming \"fiscal cliff.\" The index tumbled to 65.1 in December, falling more than market expectation. However, upbeat jobs and housing data partly underpinned the market shortly after the opening bell. Initial claims for jobless benefits declined 12,000 to a seasonally adjusted 350,000 last week and the four-week moving average of claims, considered a more steady measure, fell to the lowest level since March 2008. A separate report from the Commerce Department showed new home sales rose 4.4 percent in November to a seasonally adjusted 377, 000-unit annual rate. Marvell Technology dropped 3.78 percent after it announced that it would seek to overturn a jury\'s finding of patent infringement. A federal-court jury in Pittsburgh found the chipmaker infringed two patents held by Carnegie Mellon University and ordered the company to pay 1.17 billion U.S. dollars in damages. The Dow Jones Industrial Average fell 18.28 points, or 0.14 percent, to 13,096.31. The broader S&P 500 Index dropped 1.74 points, or 0.12 percent, to 1,418.09. The tech-rich Nasdaq Composite Index dipped 4.25 points, or 0.14 percent, to 2,985.91.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks close flat as \fiscal cliff\ looms Arab Today, arab today us stocks close flat as \fiscal cliff\ looms

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks close flat as \fiscal cliff\ looms Arab Today, arab today us stocks close flat as \fiscal cliff\ looms

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday