U.S. stocks drop on Fed bets amid budget talks, data
Bareksa • 11 Dec 2013
New York Stock Exchange (Bloomberg/Jin Lee)
Data today showed job openings in the U.S. climbed to a five-year high in October
Bloomberg - U.S. stocks fell, after the Standard & Poor’s 500 Index reached a record, as investors weighed federal budget negotiations and better-than-estimated economic data to gauge the timing of any Federal Reserve stimulus cuts.
General Motors Co. (GM) slipped 1.2 percent as the government sold its stake and the automaker named its next leader. Ares Capital Corp. dropped 3 percent after saying it will sell shares to help reduce debt. Twitter Inc. rallied for the fifth time in six sessions, adding 5.8 percent to extend a record. Goldman Sachs Group Inc. added 1.2 percent as federal agencies approved the Volcker rule to limit proprietary trading.