NEW YORK Nov 9 U.S. stocks cut gains on Friday
after President Barack Obama invited congressional leaders to
the White House to start negotiating a deal to prevent sharp tax
hikes and spending cuts. The president, however, outlined a
position still far apart from that of his political opponents.
The Dow Jones industrial average dropped 14.05
points, or 0.11 percent, to 12,797.27. The Standard & Poor's 500
Index gained 2.68 points, or 0.19 percent, to 1,380.19.
The Nasdaq Composite Index gained 12.77 points, or 0.44
percent, to 2,908.35.
Earlier on Friday, the Dow had been up 0.5 percent, while
both the S&P 500 and the Nasdaq had been up as much as about 1