For the past few months, the U.S. Federal Reserve has been squarely in the financial markets' corner, thanks to its massive dollops of monetary stimulus. But signs that the central bank is discussing reducing that support by purchasing fewer bonds mean that trading is likely to get bumpier in coming months. Full Article
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Nasdaq up 1 pct on "cliff" talks hope
NEW YORK |
NEW YORK (Reuters) - U.S. stocks rose in light volume on Monday, with the Nasdaq composite index briefly up 1 percent, after the first signs of movement in the "fiscal cliff" negotiations bolstered sentiment.
The Dow Jones industrial average rose 75.98 points, or 0.58 percent, to 13,210.99. The S&P 500 Index gained 11.96 points, or 0.85 percent, to 1,425.54. The Nasdaq Composite Index added 26.71 points, or 0.90 percent, to 2,998.05.
(Editing by Kenneth Barry)
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