While you were sleeping Wall Street gains after Boehner comments

Wed, 28 Nov 2012

Nov. 29 (BusinessDesk) – Stocks on Wall Street reversed earlier losses after U.S. House Speaker and senior Republican John Boehner said he was optimistic that a deal could be reached to head off the looming fiscal cliff. Boehner said he was willing to put revenues on the table for negotiation if accompanied by spending cuts and that he was optimistic lawmakers could “avert this crisis sooner rather than later.” The Dow Jones Industrial Average rose 0.6 percent and the Standard & Poor’s 500 Index was up 0.3 percent, having been down nearly 1...

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