Symbol Lookup
Register | Login My Watchlist | My Account | Logout
to View Your Portfolio

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.

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

Swatch, Visa launch pay-by-wrist watch ventureSwatch, Visa launch pay-by-wrist watch venture
ZURICH (Reuters) - Swiss watchmaker Swatch SA, Visa Inc and Visa Europe have launched a project that lets Visa cardholders in the United States, Switzerland and Brazil make payments with Swatch`s new ...
Fed to take up 'too big to fail' emergency lending curbFed to take up 'too big to fail' emergency lending curb
WASHINGTON (Reuters) - The Federal Reserve Board will consider on Monday a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank`s controversial decision ...
China stocks open slightly lower after biggest drop since summer routChina stocks open slightly lower after biggest drop since summer rout
SHANGHAI (Reuters) - China stocks opened slightly lower on Monday after falling more than 5 percent on Friday triggered by concerns over a widening probe by regulators into brokerages. The CSI300 in...
IMF's yuan inclusion signals less risk taking in ChinaIMF's yuan inclusion signals less risk taking in China
SHANGHAI/NEW YORK (Reuters) - When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can aff...
BOJ's Kuroda warns of risk from emerging market slowdownBOJ's Kuroda warns of risk from emerging market slowdown
NAGOYA, Japan (Reuters) - Bank of Japan Governor Haruhiko Kuroda warned on Monday that a slowdown in emerging economies, if prolonged, may hurt Japanese business confidence and discourage firms from i...

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.

{localized={en_US=Terry}, preferredLocale={country=US, language=en}} {localized={en_US=Scott}, preferredLocale={country=US, language=en}}

Terry Scott
CEO of StockMarketWatch

View Profile

Learn the Stock Market

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

Be a Better
Trader, Today
PreMarket PRO Our New Streaming Realtime Pre-Market Product -- Click Here to Learn More