US Stocks Flat on Thanksgiving and Greek Debt Failure

Stocks were little changed on Wednesday as a lack of progress on some of the potential pitfalls facing the market kept investors cautious.

Greece’s international lenders failed again to reach a deal to release emergency aid to the debt-saddled country. Lenders will try again next Monday, but Germany signaled that significant divisions remain.

Investors also remained anxious about the tax and spending changes that are poised to come into effect in the new year – known as the “fiscal cliff” – though policymakers are not expected to get back to negotiations until after Thursday’s Thanksgiving holiday.

Trading volume was expected to be light ahead of Thursday’s market holiday, which could keep action muted. The stock market also will close early at 1 p.m. (1800 GMT) on Friday.

via Reuters

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