Monday, December 03, 2012 4:27 pm
News Summary: Stocks edge lower on manufacturing
By The Associated Press
COUNTER PROPOSAL: Republicans, led by House Speaker John Boehner, made a counter proposal in the ongoing budget talks. President Barack Obama wants to raise taxes by $1.6 trillion over the coming decade, while Republicans want to raise $800 billion. Investors looked on but barley flinched.
DECEMBER CHEER: The arrival of December should be good for investors. The last month of the year is historically the best for stocks. The S&P 500 has advanced an average of 2 percent over the past 30 years during the month of December, according to Schaeffer's Investment Research.