Wall St rallies further on budget talk hopes
NEW YORK (Reuters) - Wall Street rallied on Monday, with the Nasdaq Composite up 2 percent, as investors were encouraged by the early tone in talks to tackle the U.S. fiscal crunch and by data that showed an advance in the housing sector's recovery.
The Dow Jones industrial average rose 175.82 points, or 1.40 percent, to 12,764.13. The S&P 500 Index gained 23.74 points, or 1.75 percent, to 1,383.62. The Nasdaq Composite added 56.70 points, or 1.99 percent, to 2,909.83.
(Editing by Dan Grebler)
- Tweet this
- Share this
- Digg this
Israel and Palestinian militant groups in the Gaza Strip have agreed to a U.N.-requested 12-hour humanitarian truce to begin on Saturday morning, and efforts to secure a long-term cease-fire moved ahead. Full Article
Amazon's far-reaching ambitions, lack of profits, unnerve investors Full Article