Investment Slows Amid ‘Cliff’ Fears

    NEW YORK, NY - NOVEMBER 15:  Traders work on the floor of the New York Stock Exchange on November 15, 2012 in New York City. Stocks were trading slightly lower in morning trading following a bigger-than-expected jump in jobless claims and continued uncertainty with the European fiscal crisis. The Dow Jones Industrial Average was last at 12567.54.  (Photo by Spencer Platt/Getty Images)

    Spencer Platt / Getty Images

    American companies are scaling back investments amid uncertainty over the “fiscal cliff”—but markets abroad are more optimistic. A Wall Street Journal analysis found that some major American companies plan to slash capital expenditures this year and to put a hold on other big projects. In the short term, however, markets around the world rallied Monday as investors said they were hopeful that politicians in the U.S. would set aside their differences and strike a deal on the fiscal cliff.

    Read it at The Wall Street Journal