Stocks inch higher on Election Day
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Stocks are expected to trade in a narrow range as investors await the nation's election results. The outcome will set the tone for the debate over how to address the so-called "fiscal cliff" of tax hikes and spending cuts that goes into effect in January unless Congress acts. If lawmakers fail to address the fiscal cliff, they risk throwing the U.S. economy back into a recession. While the latest national polls show that President Obama and Republican opponent Mitt Romney are neck-and-neck, the former Massachusetts governor is an overwhelming favorite of Wall Street, according to a CNNMoney survey of investment strategists and money managers. Those who back Romney say that the country needs new leadership and new policies to address the fiscal cliff. They also say the candidate's promises to ease up on regulation and slash tax rates will benefit Corporate America.
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earnings Wall Street Mitt Romney cliff European Central Bank Ben Bernanke President Obama stocks Obama administration Hang Seng CAC 40 Massachusetts governor Japanese yen Federal Reserve FTSE 100 Office Depot tax rates supply chain Express Scripts British pound company Corporate America real estate DirecTV Hong Kong Comedy Central healthcare management financial support News Corp results markets policies recession CNNMoney Zillow Viacom sales ounce boosting Currencies monetary aggressive ESRX barrel FOSL Shanghai commodities investors forecasts subscribersPeople:
Mitt Romney
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Romney
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