20 "Cliff" hope boosts Wall Street - IBTimes UK

"Cliff" hope boosts Wall Street

December 17, 2012 9:14 PM GMT

Stocks climbed on Monday, giving the S&P 500 its best day since November 23, on rising hopes that negotiations over the "fiscal cliff" were making progress and that a deal could be reached in days.

The Dow Jones industrial average <.DJI> rose 100.38 points, or 0.76 percent, to 13,235.39. The S&P 500 Index <.SPX> gained 16.81 points, or 1.19 percent, to 1,430.39. The Nasdaq Composite <.IXIC> added 39.27 points, or 1.32 percent, to 3,010.60.

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(Reporting by Caroline Valetkevitch; Editing by Nick Zieminski)

Copyright 2012 Thomson Reuters. All rights reserved.

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