Aaron Levitt: For investors, the last few months have been dominated by two words: fiscal cliff. The combination of automatic expiring tax breaks and across-the-board government spending cuts scheduled to become effective on January 1, 2013, has sent a shiver down the spine of market participants.
Jim Trippon: The market always tries to be forward looking, to get ahead of what might happen. If individual traders and investors try to use that strategy, it can go mainly two ways: one, it can be proactive and help traders and investors avoid disasters or, two, it can make traders and investors make moves in
For the most part, stocks finished higher on Friday on mixed trade. Higher beta issues struggled as the small-cap Russell 2000 (NYSEARCA:IWM) and the Nasdaq closed lower by 0.2% and 0.1% respectively. The S&P MidCap 400 ended the session flat, while the NYSE, Dow Jones Industrial Average