Morningstar Morning Research Update Thursday, 29 Nov 2012
Thursday, 29 November 2012, 11:00 am Press Release: Morningstar
29-Nov-2012
Overseas Market
Report Stocks pared early losses and ended
higher after House Speaker John Boehner (R-Ohio) expressed
optimism that an agreement can be made among political
leaders in Washington to avoid the looming fiscal cliff.
President Obama was hopeful of a potential agreement, as
well. The upbeat sentiment offset the tone of the Federal
Reserve's beige book, which showed mixed economic conditions
across the country with increases in consumer spending but
drops in manufacturing.
In economic news, The US economy
grew at a "measured" pace in October and November, as
businesses coped with uncertainty over the federal budget
outlook and the destruction wreaked by Hurricane Sandy, the
Federal Reserve said in a report... Read More
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