The Seattle Times. Winner of Eight Pulitzer Prizes.


Fri, Aug 1, 2014

WEATHER | TRAFFIC

VIEW SECTIONS

Home


Updated Thursday, November 29, 2012 at 06:01 PM

Stocks inch higher on hopes for a budget deal

The Associated Press

Stocks are closing with modest gains as talks proceed in Washington over narrowing the U.S. government's budget deficit. A pair of strong economic reports also brightened the mood.

The Dow Jones industrial average ended with a gain of 37 points at 13,022.

The Dow took a brief turn lower at midday after House Speaker John Boehner made pessimistic comments about the talks. It recovered in the afternoon.

The Standard & Poor's 500 rose six points to 1,416 and the Nasdaq gained 20 points to 3,012.

In economics news, the government raised its estimate of third-quarter economic growth and homes sales rose.

Nearly three stocks rose for every one that fell on the New York Stock Exchange. Volume was lighter than the recent average at 3.3 billion shares.


SECTIONS

Top News arrow

Latest News arrow

Local arrow

Nation & World arrow

Business & Technology arrow

Editorial & Opinion arrow

Sports arrow

Entertainment arrow

Living arrow

Travel & Outdoors arrow

Obituaries arrow


CLASSIFIEDS

Jobs arrow

Autos arrow

Homes & Rentals arrow

More Classifieds arrow