Shareholders of scores of public companies can expect to get some holiday bonuses this year, as many of these firms rush to issue special dividends before a potential 2013 tax hike linked to the fiscal cliff kicks in.
Treasury 10-year notes advanced, while commodities retreated and U.S. stocks fluctuated, after President Barack Obama held his ground about raising tax rates for the highest-income Americans. The dollar weakened.
U.S. stocks were little changed, with benchmark indexes trading near seven-week lows, as Americans signed fewer contracts than forecast to purchase previously owned homes and investors monitored earnings.
U.S. stocks fell, reversing earlier gains, as the Federal Reserve’s pledge to provide additional support for the economy disappointed investors anticipating a more definitive sign of further monetary easing.
Treasuries rose, driving 10-year yields below 1.50 percent for the first time, while the Dow Jones Industrial Average briefly erased its 2012 gain after U.S. employers created fewer jobs than economists estimated.