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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Remain in Green in Mid-Day Trading

Monday, December 31, 2012 1:18 PM
U.S. stocks remained firmly in green territory by midday trade on the last trading day of 2012 as investors remained somewhat sanguine that last-ditch efforts by lawmakers to save the U.S. economy falling off the “cliff” will come through. At last check, the Dow Jones Industrial Average Index was flat; the Nasdaq Composite Index gained 0.68% while S&P 500 Index edged up 0.28%. The negotiations between the White House and congressional Republican leaders were on as lawmakers try to reach a deal before the yearend deadline. A failure to reach a deal on how to slash fiscal deficit by midnight deadline would automatically set-off series of spending cuts and tax hikes from Jan 1. However, there is widespread speculation that the federal government could pass legislation in 2013 that retroactively averts the massive spending cuts and tax hikes coming into effect, an option that is perceived as politically straightforward. Moreover, Republican Senate Bob Corker had some positive words with regard to ongoing negotiations. Speaking to CNBC, the Senator said, “The discussions are going very well…I do think there's going to be a resolve to this,.  It's almost irrelevant when it happens—it's going to happen and it's probably going to happen today.” On Sunday talks between congressional leaders did not yield any results as both sides remained firmed on their respective stance. In Europe, markets ended mixed with Pan European Stoxx 600 Index gaining 0.32 % for the day. Shares of Apple Inc. (NASDAQ: AAPL) gained 3% on Monday, having slumped to its lowest level in the previous session since February 17. Since September 19, when the stock touched its all-time-high, it has lost 27%; however for 2012 it is up 26%. Shares of Facebook Inc. (NASDAQ: FB) gained after analyst at underwriting firm BMO, who until recently maintained a bearish outlook on the stock, changed its rating to “buy” from “sell” even as it boosted its price target on the stock to $32 from $15.
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

Germany, ECB play hard ball with GreeceGermany, ECB play hard ball with Greece
BERLIN/HELSINKI (Reuters) - German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if...
Lavish freebies from Saudi king to buoy economy, marketsLavish freebies from Saudi king to buoy economy, markets
DUBAI (Reuters) - A lavish payout to public employees ordered by Saudi Arabia`s new King Salman will help to sustain the kingdom`s consumer boom and reassure financial markets that the government is...
Greek emergency funding would be a decision for ECB council: ConstancioGreek emergency funding would be a decision for ECB council: Constancio
CAMBRIDGE, England (Reuters) - ECB Vice-President Vitor Constancio said on Saturday that a decision on whether to give Greece emergency funding would be up to the central bank`s Governing Council. ...
Russian economy ministry sees 2015 GDP contracting 3 percent: Interfax Russian economy ministry sees 2015 GDP contracting 3 percent: Interfax
MOSCOW (Reuters) - Russian Economy Minister Alexei Ulyukayev said the ministry sees the country`s economy shrinking 3 percent in 2015 and inflation of 12 percent by the end of the year, the Interfax n...
Austrians rue starting fashion for Swiss franc mortgagesAustrians rue starting fashion for Swiss franc mortgages
VIENNA (Reuters) - The surging Swiss franc has dealt a double blow to homeowners in Austria, home of the trend for borrowing in the Swiss currency that has devastated mortgage holders across eastern...

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