NEW YORK ( TheStreet) -- The major U.S. equity averages finished modestly higher Thursday despite the ongoing back-and-forth on Capitol Hill about the pace of U.S. budget talks.
House Speaker John Boehner threw cold water on the perception that momentum toward a compromise was picking up, bringing stocks off early-session highs. Boehner was quoted as saying there's been no "substantive" progress as yet in the ongoing bi-partisan negotiations to avoid the fiscal cliff, according to media reports.
The Dow Jones Industrial Average rose nearly 37 points, or 0.28%, to close at 13,022. The blue-chip index, which climbed as high as 13,062 earlier in the day, rose for a second-straight session and is now up 6.58% year-to-date.
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