U.S. Stocks Rise on "Fiscal Cliff" Optimism
U.S. stocks opened higher on Monday (November 19), with the S&P 500 rising 1 percent, as signs of progress in talks to resolve the fiscal crunch encouraged investors at the start of a holiday-shortened week.
The optimism was fuelled by comments from U.S. lawmakers who indicated that compromises are possible in negotiations to avert $600 billion in tax increases and spending cuts due to start in January - the "fiscal cliff" that threatens to send the economy back into recession.
The Dow Jones i
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
Portions of Content Provided by Rovi
Corporation. © 2012 Rovi Corporation
You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}