Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Headed for a Strong Finish

Monday, November 19, 2012 4:39 PM
Stocks are headed for a sharply higher finish in trading today, with all three major indexes currently near session highs, amid hopes that lawmakers will resolve the fiscal cliff issue before the year-end deadline. Investors’ sentiment has been also boosted by some solid data from the housing market. At last check, the Dow Jones was trading 1.41% higher at 12,766.13, the S&P 500 was trading 1.76% higher t 1,383.84, and the Nasdaq was trading 1.96% higher at 2,909. All three major indexes surged today after congressional leaders said they were confident of reaching a deal to reduce the U.S. deficit before Christmas. Over the weekend, President Obama also said that he is confident that the fiscal cliff issue could be dealt by lawmakers. President Obama and congressional leaders last Friday began talks to reach a deal on reducing the U.S. fiscal cliff. Hopes of a possible deal before the year-end deadline boosted investors’ risk appetite. Meanwhile, positive developments in the euro zone also helped in lifting sentiments. According to a report from Reuters, finance ministers of euro zone countries are expected to tentatively approve the disbursement of 44 billion euros in emergency loans to debt-laden Greece on Tuesday. However, Greece will receive the money on December 5 if it meets all remaining condition, the Reuters report noted. Stocks extended their gains after a report from the National Association of Realtors showed that existing home sales rose unexpectedly in the month of October to a seasonally adjusted annual rate 4.79 million units. Meanwhile, a report from the National Association of Home Builders showed that homebuilder sentiment rose in November, the seventh straight month of gain. All sectors in the S&P 500 are currently near session highs. The gains are being led by Industrials, which are currently trading 1.63% higher. Among the major gainers in late trading are Tyson Foods Inc. (NYSE: TSN), which is currently trading 11.26% higher at $18.78, Lowe’s Companies Inc. (NYSE: LOW), which is currently trading 6.25% higher at $33.98, and Cirrus Logic Inc. (NASDAQ: CRUS), which is currently trading 8.86% higher at $30.77.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

'We don't have a magic wand', says ECB's Constancio'We don't have a magic wand', says ECB's Constancio
MADRID (Reuters) - Societies expect too much of central banks and they don`t have a magic wand to boost economic growth, European Central Bank Vice President Vitor Constancio said on Thursday. The E...
Politics clouds proposed overhaul of U.S. housing finance systemPolitics clouds proposed overhaul of U.S. housing finance system
WASHINGTON (Reuters) - The Senate Banking Committee appears likely to back a bill to wind down government-backed mortgage giants Fannie Mae and Freddie Mac, according to sources familiar with talks ...
April U.S. auto sales to rise 8.5 percent: J.D. Power, LMCApril U.S. auto sales to rise 8.5 percent: J.D. Power, LMC
DETROIT (Reuters) - U.S. auto sales will rise 8.5 percent in April from a year ago as spring weather entices consumers to look at new products, industry research firms J.D. Power and LMC Automotive sa...
Angry Muslims in Central African Republic call for partitionAngry Muslims in Central African Republic call for partition
BAMBARI, Central African Republic (Reuters) - In this dusty town at the heart of the Central African Republic, many angry Muslims advocate a simple solution to the threat of religious violence from ...
Vivendi to return 5 billion euros to shareholders after asset salesVivendi to return 5 billion euros to shareholders after asset sales
PARIS (Reuters) - French conglomerate Vivendi <VIV.PA> said it would pay out close to 5 billion euros in dividends and buy backs this year and next, rewarding shareholders after three major as...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.