U.S. Stocks Pare Advance on Concern Debt-Ceiling Deal Will Fail

U.S. stocks pared gains, almost erasing a 164-point rally in the Dow Jones Industrial Average, after the Associated Press reported that House Speaker John Boehner said it’s a “crapshoot” whether the federal debt limit will be boosted if an agreement isn’t reached by Aug. 2.

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Source: BusinessWeek

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