Investment Slows Amid ‘Cliff’ Fears

American companies are scaling back investments amid uncertainty over the “fiscal cliff”—but markets abroad are more optimistic. A Wall Street Journal analysis found that some major American companies plan to slash capital expenditures this year and to put a hold on other big projects. In the short term, however, markets around the world rallied Monday as investors said they were hopeful that politicians in the U.S. would set aside their differences and strike a deal on the fiscal cliff.