S&P 500 ends six-day winning streak on “cliff” anxiety
NEW YORK (Reuters) – The S&P 500 ended its six-day winning streak on Thursday, retreating as worries intensified that Washington’s "fiscal cliff" negotiations were dragging on with little progress. Anxiety about the drawn-out talks between Democrats and Republicans was enough to offset encouraging data on retail sales and jobless claims on Thursday. There is concern that tax hikes and spending cuts, set to begin in 2013 if a deal is not reached in Washington, will hurt growth. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply