Wall St edges up at open on "cliff" optimism
NEW YORK (Reuters) - U.S. stocks rose at the open on Tuesday, extending a rally that lifted the S&P 500 to its highest in nearly two months, as optimism grew that a deal would be made to avert the "fiscal cliff."
The Dow Jones industrial average gained 12.11 points, or 0.09 percent, to 13,247.50. The Standard & Poor's 500 Index gained 2.13 points, or 0.15 percent, to 1,432.49. The Nasdaq Composite Index gained 9.93 points, or 0.33 percent, to 3,020.53.
(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)
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Wipro posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers. For the quarter ended March 31, the company said it earned 22.27 billion rupees compared with 17.29 billion rupees a year earlier. Full Article | Full Coverage