NEW YORK (November 12, 2012)—Stocks closed little changed Monday on Wall Street as investors focused again on the looming fiscal cliff faced by the U.S. government.
The Dow Jones industrial average ended a quarter point lower than it started Monday, at 12,815 after moving between small gains and losses throughout the day.
The Standard & Poor's 500 index edged up a fraction of a point to close at 1,380.
The Nasdaq composite fell less than a point to end the day at 2,904.
Trading was light.
The government and the U.S. bond market were closed for Veterans Day, and there were no economic reports.
The fiscal cliff refers to government spending cuts and tax increases that are scheduled to kick in at the beginning of the year, unless Congress and the White House work out a compromise.