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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Kick Off 2013 on a Strong Note

Wednesday, January 2, 2013 5:33 PM
Stocks began 2013 with a bang as all three major indexes rallied after Congress passed a bill that averted the fiscal cliff. The Dow Jones ended the day 2.35% higher at 13,412.55, the S&P 500 ended the day 2.54% higher at 1,462.42, and the Nasdaq ended the day 3.07% higher at 3,112.26. Stocks rallied after lawmakers, late Tuesday, passed a bill that delayed spending cuts by two months and made Bush-era tax cuts permanent for middle class families, while raising taxes on individuals earning over $400,000 and couples earning over $450,000 from 35% to 39.6%. The deal came after nearly two months of negotiations. Although the last-minute deal has been cheered by investors, there are still many unresolved issues which could keep investors on the edge over the next two months. Investors’ sentiment was also lifted by better than expected manufacturing data. A report from the Institute of Supply Management showed that manufacturing activity rose to 50.7 in December, beating forecasts of a reading of 50.3. A report from the Commerce Department, meanwhile, showed that construction spending fell 0.3% in November to an annual rate of $866 billion. Economists were expecting construction spending to rise 0.6%. All sectors in the S&P 500 managed to finish the day in green. Technology sector was the best performer in the S&P 500 today, ending the 3.22% higher. Basic Materials sector ended the day 2.49% higher, while Energy sector ended the day 2.04% higher. Financials rose 2.76% in trading today. Among the major gainers in trading today were Zipcar Inc. (NASDAQ: ZIP), which ended the day 47.82% higher at $12.18, Facebook Inc. (NASDAQ: FB), which ended the day 5.19% higher at $28, and Apple Inc. (NASDAQ: AAPL), which ended the day 3.17% higher at $549.03. European markets also rallied earlier today, with the FTSE 100 Index closing 2.20% higher, and the CAC 40 Index in Paris closing 2.55% higher. Asian markets also rose sharply overnight, with the Hang Seng Index in Hong Kong closing 2.89% higher.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

AIG Chairman Steve Miller to step down in July: WSJAIG Chairman Steve Miller to step down in July: WSJ
(Reuters) - American International Group Inc <AIG.N> Chairman Robert "Steve" Miller intends to step down in July after five years in the role, the Wall Street Journal reported. The insurer`s d...
Brazil's Rousseff, Levy rush to ease fears about austerity planBrazil's Rousseff, Levy rush to ease fears about austerity plan
SAO PAULO (Reuters) - Brazilian President Dilma Rousseff and Finance Minister Joaquim Levy moved swiftly on Monday to quash concerns about their working relationship following a political stir over ...
U.S. not liable for alleged SEC negligence in Stanford fraud: courtU.S. not liable for alleged SEC negligence in Stanford fraud: court
(Reuters) - A federal appeals court said on Monday the United States is not liable to victims of Allen Stanford`s fraud who claimed that the Securities and Exchange Commission was incompetent for ha...
CEO Musk upbeat about Tesla's future in China - tweetsCEO Musk upbeat about Tesla's future in China - tweets
DETROIT (Reuters) - Elon Musk, the widely followed chief executive of electric car maker Tesla Motors Inc, tweeted several optimistic statements about the company`s sagging China operations on Monda...
Tesla CEO Musk's upbeat tweets about China boost stockTesla CEO Musk's upbeat tweets about China boost stock
DETROIT (Reuters) - Elon Musk, the widely followed chief executive of electric car maker Tesla Motors Inc, tweeted several optimistic statements about the company`s sagging China operations on Monda...

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.

Algorithm Based
Trade Signals
arrow
small cap swing trades SmallCaps stocks under $10
Index Signals Index Signals SPY, QQQ, DIA, IWM
options trading Mega Stocks options + stock trade signals
AppleStock FREE AAPL Signals realtime daytrade signals