Fiscal Cliff

Stocks Fall as Talks Stall

U.S. stocks fell on Wednesday after a brief two-session rally. Stocks began retreating after negotiations between President Obama and House Speaker John Boehner hit another impasse. Obama called GOP actions “puzzling” adding that Republicans find it “very hard” to say yes to him, while a spokesman for Boehner described the White House as “irrational.” After a two-month high, the Dow Jones Industrial Average fell 98.99 points and the S&P 500 Index lost 10.98 points to 1,435.