Arab Today, arab today us stocks flat under \fiscal cliff\ fears
Last Updated : GMT 09:21:15
Arab Today, arab today
Arab Today, arab today

US stocks flat under \'fiscal cliff\' fears

Arab Today, arab today

Arab Today, arab today US stocks flat under \'fiscal cliff\' fears

New York - AFP

US stocks closed flat Monday as persistent fears about the looming \"fiscal cliff\" of spending cuts and tax hikes at year-end overshadowed encouraging China trade data. The Dow Jones Industrial Average lost 0.23 point (0.00 percent) at 12,815.16. The broad-market S&P 500 edged up a bare 0.15 point (0.01 percent) to 1,380.00, while the tech-rich Nasdaq Composite fell 0.61 (0.02 percent) to 2,904.26. \"The growing US fiscal cliff concerns continue to hamstring the bulls, keeping stocks in check,\" Charles Schwab & Co. analysts said. Stocks opened modestly higher but struggled to stay out of the red in thin trading volume. The bond market was closed in observance of Veterans Day, a federal government holiday. Providing support to the market was encouraging official data over the weekend on China\'s trade. Export growth accelerated in October for the second straight month, fresh evidence the world\'s second-largest economy is recovering from a slowdown. United Technologies led the Dow higher, rising 1.5 percent, followed by AT&T, up nearly one percent. Hewlett-Packard was the laggard, down 1.5 percent. In mergers and acquisitions action, holding company Leucadia National will purchase the rest of what it does not already own of global investment banking firm Jefferies Group, the companies announced. Leucadia dropped 3.0 percent and Jefferies jumped 14.0 percent. Titanium Metals soared 42.6 percent after announcing it would be bought by Precision Castparts in a $2.9 billion deal. Precision added 4.9 percent. Canadian firm Research In Motion\'s US-traded shares rose 3.2 percent after it announced a January 30 launch of its next-generation BlackBerry 10 smartphone. D.R. Horton tumbled 5.8 percent. The large Texas-based homebuilder reported a big jump in fiscal fourth-quarter profit from a year ago amid improvement in the ailing housing market. Donald Horton, the company\'s chairman, said: \"We are positioned for a strong start to fiscal 2013, with our highest year-end backlog since fiscal 2007.\" Smaller rival Beazer Homes USA plunged 17.3 percent after reporting a larger-than-expected loss for the fiscal fourth quarter. Leading Internet marketplace eBay fell 0.5 percent after launching a website with Chinese luxury online retailer Xiu.com, ebay.xiu.com, aimed at fashion-conscious shoppers. On Friday, US stocks eked out small gains, capping a week of two percent losses amid growing worries about the \"fiscal cliff,\" automatic spending cuts and expiring tax breaks at year-end unless Democrats and Republicans can reach a compromise to avoid them.

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 flat under \fiscal cliff\ fears Arab Today, arab today us stocks flat under \fiscal cliff\ fears

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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