Markets Continue Rally as Fiscal-Cliff Hopes Take Flight
Get Alerts X Hot Sheet
Price: $38.87 +0.05%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 0.4%
EPS Growth %: +22.1%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 0.4%
EPS Growth %: +22.1%
Join SI Premium – FREE
After rallying Friday, markets continued higher early Monday on growing hopes that lawmakers will resolve the long-standing fiscal-cliff problem facing the U.S.. President Barack Obama, speaking in Bangkok, said he was "confident" a deal could be reached.
Just after the 10 o'clock hour, the Dow is up 143, the Nasdaq is up 39 and the S&P is up 19.
Investors have been aware of "cliff-fears" for some time, but there has been a noticeable refocused on the topic since the elections, with many notable economists warning of recession if lawmakers fail to reach a deal.
Today's early winners include financials, retailers, materials, and homebuilders. Of note, steel stocks, Untied Steel (NYSE: X) and AK Steel (NYSE: AKS) are higher in early trading. Financial stocks are also on the move, with Citi (NYSE: C) and Bank of America (NYSE: BAC) leading the pack.
Just after the 10 o'clock hour, the Dow is up 143, the Nasdaq is up 39 and the S&P is up 19.
Investors have been aware of "cliff-fears" for some time, but there has been a noticeable refocused on the topic since the elections, with many notable economists warning of recession if lawmakers fail to reach a deal.
Today's early winners include financials, retailers, materials, and homebuilders. Of note, steel stocks, Untied Steel (NYSE: X) and AK Steel (NYSE: AKS) are higher in early trading. Financial stocks are also on the move, with Citi (NYSE: C) and Bank of America (NYSE: BAC) leading the pack.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- CoStar Group (CSGP) PT Raised to $111 at BofA Securities
- Vail Resorts (MTN) Appoints Reggie Chambers to its Board
- ConocoPhillips (COP) PT Lowered to $133 at Piper Sandler
Create E-mail Alert Related Categories
Market CheckRelated Entities
Citi, Standard & Poor's, Barack ObamaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!