U.S. stocks rally to 2012 gains
Posted: Mon Dec 31, 2012 3:35 pmU.S. stocks rally to 2012 gains
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- U.S. stocks on Monday rallied to yearly gains as Wall Street embraced emerging details of a budget deal that reportedly will have tax cuts extended for most households. "Despite Washington, D.C.'s best effort to derail the economy, at this point it looks like the economy will continue in this subpar growth trajectory that we're in," said Ron Florance, managing director of investment strategy at Wells Fargo Private Bank. Up 7.3% from a year ago, the Dow Jones Industrial Average on Monday added 166.03 points, or 1.3%, to 13,104.14. The S&P 500 index climbed 23.76 points, or 1.7%, to 1,426.19, leaving it up 13% for 2012. The Nasdaq Composite climbed 59.2 points, or 2%, to 3,019.51, rising almost 16% for the year.
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- U.S. stocks on Monday rallied to yearly gains as Wall Street embraced emerging details of a budget deal that reportedly will have tax cuts extended for most households. "Despite Washington, D.C.'s best effort to derail the economy, at this point it looks like the economy will continue in this subpar growth trajectory that we're in," said Ron Florance, managing director of investment strategy at Wells Fargo Private Bank. Up 7.3% from a year ago, the Dow Jones Industrial Average on Monday added 166.03 points, or 1.3%, to 13,104.14. The S&P 500 index climbed 23.76 points, or 1.7%, to 1,426.19, leaving it up 13% for 2012. The Nasdaq Composite climbed 59.2 points, or 2%, to 3,019.51, rising almost 16% for the year.