Stocks | Wed Dec 26, 2012 8:04pm IST

US STOCKS SNAPSHOT - Wall St inches up as Obama to return to 'cliff' debate

NEW YORK Dec 26 (Reuters) - U.S. stocks edged higher on Wednesday as President Barack Obama cut short his vacation and readied to return to Washington a day ahead of last-minute talks to avert a series of tax increases and government spending cuts set to begin next week.

The Dow Jones industrial average gained 22.33 points, or 0.17 percent, to 13,161.41. The Standard & Poor's 500 Index gained 1.68 points, or 0.12 percent, to 1,428.34. The Nasdaq Composite Index dropped 0.30 points, or 0.01 percent, to 3,012.30.