NEW YORK (AP) -- U.S. stocks had their best day since the election. Market-watchers are citing optimism about a deal to avoid the so-called fiscal cliff of tax increases and government spending cuts.
The Dow Jones industrial average surged 207 points to close at 12,795. The Standard & Poor's 500 index gained 27 to 1,386. And the Nasdaq composite index rose 62 points to 2,916.
Lowe's and Tyson Foods also helped the market by turning in strong earnings reports.
Advancing stocks outnumbered decliners by about 8-to-1. Early figures show volume was about average, 3.3 billion shares traded.
Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.
SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.
All contents herein copyright San Diego Source ® 1994-2016