NEW YORK, Nov 14 (Reuters) - U.S. stocks briefly trimmed
losses on Wednesday as President Barack Obama pushed for his
proposal to have the wealthy pay more in taxes as a way to tame
the federal deficit.
Taking a hard line in his opening bid before he begins
fiscal talks with U.S. lawmakers later in the week, the
president also said he was encouraged that some Republicans have
agreed to raising new revenues.
The Dow Jones industrial average was down 77.75
points, or 0.61 percent, at 12,678.43. The Standard & Poor's 500
Index was down 6.90 points, or 0.50 percent, at 1,367.63.
The Nasdaq Composite Index was down 10.48 points, or
0.36 percent, at 2,873.41.