S&P 500 Pares Losses as House Sets Session for Dec. 30
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U.S. stocks pared most of their earlier losses in the final hour of trading as the House of Representatives planned a session on Dec. 30, fueling optimism a budget deal will be reached.
Consumer discretionary and staples stocks reversed declines, each climbing 0.1 percent among 10 groups in the Standard & Poor’s 500 Index. Expedia Inc. rallied 4.1 percent, the most in the benchmark index. Bank of America Corp. and JPMorgan Chase & Co. slid at least 0.6 percent, pacing losses among financial shares. Marvell Technology Group Ltd. slid 3.5 percent after being downgraded by JMP Securities LLC.