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

RELATED QUOTES

SymbolPriceChange
DIA184.25-0.58
SPY217.61-0.75
QQQ116.32-0.62

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
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    0.123-0.001-0.81%
    N21.SI
    0.3550.0000.00%
    E5H.SI
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    G13.SI
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    5OT.SI
  • % Gainers
    % Gainers
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    0.55+0.12+27.91%
    BJZ.SI
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    BFK.SI
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    M05.SI
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    BTJ.SI
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    BQD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.13-0.02-13.33%
    5TI.SI
    0.20-0.03-13.04%
    AWI.SI
    0.176-0.024-12.00%
    A04.SI
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    AWS.SI
    0.155-0.020-11.43%
    5WD.SI

Market Data

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    1.3637+0.0044+0.33%
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    GBPSGD=X
    75.5030+0.586+0.78%
    SGDJPY=X
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    SGDHKD=X
    2.9700-0.0053-0.18%
    SGDMYR=X
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    SGDCNY=X
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    Commodities
    NamePriceChange% Chg
    1,315.80-11.30-0.85%
    GCZ16.CMX
    18.58-0.19-1.00%
    SIU16.CMX
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    ^XAU
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    CLV16.NYM
  • Bonds
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    1.19+0.01
    ^FVX
    1.58+0.01
    ^TNX
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