U.S. Stocks Pare Gains as Obama Says Issues Remain on Budget
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U.S. stocks pared gains after President Barack Obama said there were still issues to resolve on reaching a budget deal.
The Standard & Poor’s 500 Index rose 0.6 percent to 1,410.91 at 1:55 p.m. in New York, after jumping as much as 1.1 percent as Obama began to speak at the White House.