STOCKS GO WILD AS DEAL GETS CLOSE: Here's What You Need To Know

RELATED QUOTES

SymbolPriceChange
DIA205.88-0.03
SPY235.09+0.37
QQQ129.81+0.56

It was a huge day for stocks, as a surprisingly strong year came to a close.

First the scoreboard:

Dow: 13,104, +166.0, +1.2 percent
S&P 500: 1,426, +23.7, +1.6 percent
NASDAQ: 3,019, +59.2, +2.0 percent

And now the top stories:

  • It's December 31, the deadline for the fiscal cliff, and there's still no deal.
  • However, "We are very, very close" to a deal, said Senate Minority Leader Mitch McConnell.   Both parties have reportedly agreed on an income threshold for raising income taxes, which has been crucial to getting a deal done.  Click Here For Our LIVE Ongoing Coverage Of Fiscal Cliff Talks >
  • While the fiscal cliff deadline is only hours away, it might not be the end of the world if a deal isn't struck tonight.  "So far markets have taken this all reasonably well, assuming there’s a chance of some last-minute deal," said Goldman's Jim O'Neill to the Daily Mail.  "Even if they can’t put together something on Sunday, if they can create the impression they can put together a deal in the next couple of weeks then the markets will be OK."
  • Given the slow recovery and the heightened level of uncertainty, it's remarkable that the S&P 500 surged 13 percent this year.  The biggest winners were the housing stocks, which were fueled by a year evidence confirming a U.S. housing market bottom and recovery.
  • Markets will be closed tomorrow in observance of the New Year's Day Holiday.
  • Don't Miss: The Ultimate Visualization Of America's Boom, Bust, And Epic Comeback >


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  • Most Actives
    Most Actives
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    0.34-0.04-10.53%
    5ME.SI
    0.2250.0000.00%
    N21.SI
    0.118+0.004+3.51%
    AAJ.SI
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    E5H.SI
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    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.62+0.05+8.77%
    D11.SI
    0.225+0.010+4.65%
    F13.SI
    0.72+0.03+4.35%
    BMH.SI
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    42T.SI
    0.175+0.006+3.55%
    C9Q.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.34-0.04-10.53%
    5ME.SI
    0.225-0.025-10.00%
    AWI.SI
    0.49-0.05-8.41%
    AZA.SI
    0.11-0.01-8.33%
    5WD.SI
    0.285-0.025-8.06%
    BPF.SI

Market Data

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    1.4177+0.0003+0.02%
    USDSGD=X
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    GBPSGD=X
    79.7350+0.413+0.52%
    SGDJPY=X
    5.4731+0.002+0.04%
    SGDHKD=X
    3.1435+0.0035+0.11%
    SGDMYR=X
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    SGDCNY=X
    1.0875+0.0012+0.11%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,235.00-6.60-0.53%
    GCJ17.CMX
    17.95-0.12-0.69%
    SIH17.CMX
    92.56-1.90-2.01%
    ^XAU
    2.720.00-0.11%
    HGH17.CMX
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    CLJ17.NYM
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    Bonds
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    1.91-0.03
    ^FVX
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    ^TNX
    3.03-0.02
    ^TYX