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

Pre Market | Dow Jones | Gold | Newsletters | Learn


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 2014 the year you get RICH!

Latest Headlines

Boeing exec says will only hike jet output if sustainableBoeing exec says will only hike jet output if sustainable
ISTANBUL (Reuters) - Boeing sees strong demand for its 737-family jets over and above its existing plans to increase production by 12 percent by 2017 but would only revise up its goals if they can be ...
Deaths linked to GM ignition-switch defect rise to 21Deaths linked to GM ignition-switch defect rise to 21
(Reuters) - The number of deaths linked to a faulty ignition switch in General Motors Co <GM.N> vehicles rose by two last week to 21, according to a report Monday from a lawyer overseeing a pr...
Dubai housing costs soar to Manhattan peaks, forcing moves to outskirtsDubai housing costs soar to Manhattan peaks, forcing moves to outskirts
DUBAI (Reuters) - An economic rebound has catapulted house prices and rents in Dubai to Manhattan-like peaks, the Gulf emirate`s top property website says, forcing increasing numbers of residents to...
Private equity adviser settles SEC charges over expense allocationsPrivate equity adviser settles SEC charges over expense allocations
WASHINGTON (Reuters) - A New York-based private equity advisory firm will pay $2.3 million to settle civil charges that it breached its fiduciary duty to two funds by improperly allocating certain e...
ECB's Draghi says ready to use more unconventional toolsECB's Draghi says ready to use more unconventional tools
FRANKFURT (Reuters) - The European Central Bank stands ready to use additional unconventional tools and tweak its existing efforts to spur inflation and growth in the euro zone if needed, ECB Presid...

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.