20 Wall Street rallies on signs of "cliff" progress - IBTimes UK

Wall Street rallies on signs of "cliff" progress

December 31, 2012 6:14 PM GMT

Stocks extended gains, with the Nasdaq up 1 percent on Monday on news that the majority of Senate Republicans are expected to support a tentative deal on the "fiscal cliff."

The market also got a lift from news that President Barack Obama will make a statement on the fiscal cliff at 1:30 p.m. EST at an event with "middle-class Americans," the White House said.

The Dow Jones industrial average <.DJI> was up 82.99 points, or 0.64 percent, at 13,021.10. The Standard & Poor's 500 Index <.SPX> was up 12.66 points, or 0.90 percent, at 1,415.09. The Nasdaq Composite Index <.IXIC> was up 37.11 points, or 1.25 percent, at 2,997.43.

Follow us  
Google Plus

(Reporting by Angela Moon; Editing by Jan Paschal)

Copyright 2012 Thomson Reuters. All rights reserved.

We recommend

  1. Stock futures fall on stimulus plan concerns, China data
  2. Futures fall on worry over stimulus program, China data
  3. Nissan to recall 841,000 vehicles due to steering wheel glitch
Must Read
  1. Asian stocks cheered by Fed reassurance; BOJ stands pat
  2. Dow, S&P end at records on Fed officials' remarks
  3. Nissan to recall 841,000 vehicles due to steering wheel glitch
Join the Conversation
mute

Featured Videos

top 10 Articles
  1. Prosecutors consider using racketeering law against SAC: source
  2. Asian stocks cheered by Fed reassurance; BOJ stands pat
  3. Dow, S&P end at records on Fed officials' remarks
  4. Nissan to recall 841,000 vehicles due to steering wheel glitch
  5. Wall Street starts slightly higher, eyes on Fed
  6. Wall Street advances as Home Depot, JPMorgan buoy Dow
  7. Wall Street to drift near record high, eyes on Fed
  8. Asian stocks supported by Fed reassurance; BOJ stands pat
  9. Sony shares hit two-year high on report of spin-off proposal
  10. Wall St. at session lows after Fed minutes

latest Articles
  1. Xbox 720 Reveal: Watch Microsoft's Live Stream Of The Event [VIDEO]
  2. Dominique Venner Suicide At Cathedral Of Notre Dame In Paris Prompts Evacuation Of Landmark Church
  3. Tsarnaev Friend Killed In Orlando By FBI, Ibragim Todashev Shot Day Of Planned Trip To Chechnya [PHOTO]
  4. Elin Nordegren Furious At Tiger Woods And Lindsey Vonn: Threatens To File Injuction Against Pro Golfer, Source Says
  5. Amazing iPhone 6 Concept Astonishes with Wrap-Around Display and More on Release Date3 Killer Features Packed with the iPhone 6, iPhone 5S on Release Date: Push-To-Talk, Double-Sided Touchscreen
IBTimes TV
More

U.S. Urges N. Korean Amnesty For Jailed U.S. Citizen