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

Pre Market | Dow Jones | Gold | Newsletters | Learn

Interested in Gold Updates?
Receive the latest updates on the gold and silver markets.
100% secure: your email is never shared, and you may opt out at any time.

Stocks Sharply Higher on Fiscal Cliff Deal Hopes

Monday, December 31, 2012 4:26 PM
Stocks have extended their gains in late trading on the last day of 2012, with all three major indexes currently at session highs, amid hopes that lawmakers will reach a deficit reduction deal and avert the fiscal cliff. Investors’ sentiment was lifted after Senate minority leader Mitch McConnell and President Obama suggested that a deal is in sight. President Obama said that an agreement to prevent a middle class tax hike was in sight, however, more work needed to be done before the deadline to avert the fiscal cliff. Senate minority leader McConnell, meanwhile, said, “Lets pass the tax relief portion now, lets take what’s been agreed to and get moving.” At last check, the Dow Jones was trading 0.92% higher at 13,056.84, the S&P 500 was trading 1.24% higher at 1,419.80, and the Nasdaq was trading 1.71% higher at 3,010.96. All sectors in the S&P 500 are currently at session highs. The gains are being led by the Technology sector, which is currently trading 2.07% higher. Basic Materials sector has also risen sharply in trading today. At last check, the sector was trading 2.03% higher. Energy sector is currently trading 1.55% higher. Financials are up 1.29% in late trading. Among the major gainers in late trading today are Apple Inc. (NASDAQ: AAPL), which is currently trading 4.61% higher at $533.07, Facebook Inc. (NASDAQ: FB), which is currently trading 3.06% higher at $26.70, Duff & Phelps Corp. (NYSE: DUF), which is currently trading 19.77% higher at $15.63, Alon USA Energy Inc. (NYSE: ALJ), which is currently trading 18.96% higher at $18.01, and Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX), which is currently trading 16.75% higher at $2.23. Among the major losers in late trading are Watson Pharmaceuticals Inc. (NYSE: WPI), which is currently trading 3.53% lower at $85.90, and Magellan Health Services Inc. (NASDAQ: MGLN), which is currently trading 4.77% lower at $49.28.
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

Egypt says over 50 percent of conference promises turned into projectsEgypt says over 50 percent of conference promises turned into projects
CAIRO (Reuters) - Egypt has turned more than 50 percent of initial agreements signed at an investor conference in Sharm El Sheikh in March into investment projects, the planning minister said on Satur...
Greece may seek up to 24 billion euros in first new aid tranche - paperGreece may seek up to 24 billion euros in first new aid tranche - paper
ATHENS (Reuters) - Greece may seek 24 billion euros (16 billion British pounds) in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due ...
E&Y Japan arm launches internal probe of Toshiba auditE&Y Japan arm launches internal probe of Toshiba audit
TOKYO (Reuters) - The Japanese affiliate of Ernst & Young LLC has launched an in-house investigation into its audit of Toshiba Corp <6502.T> in the wake of the electronics maker`s $1.2 billi...
China July factory growth unexpectedly stalls - official PMI surveyChina July factory growth unexpectedly stalls - official PMI survey
BEIJING (Reuters) - Growth at China`s big manufacturing companies unexpectedly stalled in July as demand at home and abroad weakened, an official survey showed on Saturday, reinforcing views that ...
China official manufacturing PMI falls to 50.0 in July, below forecastsChina official manufacturing PMI falls to 50.0 in July, below forecasts
SHANGHAI (Reuters) - Growth in China`s vast manufacturing sector stalled in July, missing market expectations for slight growth, an official survey showed on Saturday. The official Purchasing Manage...

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.