Wall Street rallies further on budget talk hopes
November 20, 2012 7:49 AM EST
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 <.DJI> rose 175.82 points, or 1.40 percent, to 12,764.13. The S&P 500 Index <.SPX> gained 23.74 points, or 1.75 percent, to 1,383.62. The Nasdaq Composite <.IXIC> added 56.70 points, or 1.99 percent, to 2,909.83.
(Editing by Dan Grebler)
Most Popular Slideshows
- Gennady Golovkin Next Fight Options: Canelo Alvarez, Miguel Cotto Or Julio Cesar Chavez Jr.
- NFL MNF: Pittsburgh Steelers 30, Houston Texans 23 [PHOTOS]
- 2014 MLB World Series Game 1: San Francisco Giants 7, Kansas City Royals 1 [PHOTOS]
- 2014 MLB World Series - Game 2: Kansas City Royals 7, San Francisco Giants 2 [PHOTOS]
Join the Conversation
- No Mercy: ISIS, Father Stones to Death Daughter for Alleged Adultery
- Boy Stoned To Death For Alleged Rape, Victim Receives Dowry From Militants
- ASUS Releases A Teaser Indicating The Arrival of New Zenfone and ZenWatch On October 28
- Russia is Creating Underwater Combat Robots to Protect its Arctic Territories
- iOS 8 Jailbreak Release Date is Doomed as Team Evad3rs Opts Out, Pangu Hits Snag – Report
- Three Dual SIM Samsung Galaxy Note 4 Duos Variants Comes To China
- Google Nexus 6 vs. iPhone 5S: 4 Important Things to Consider Before Switching to Android Lollipop