Markets rise and lift “almost” all boats – Santa Claus rally?
Posted By RichC on December 20, 2011
A very positive day for a broad swath of Wall Street and U.S. based companies. The stock market saw trading return the Dow Jones Industrial Average back over the psychologically challenging 12,000 mark.
Those watching the ups and downs realize that one day up 300+ points doesn’t mean all that much … especially when considering the year’s volatility. Still for those who’s jobs depend on how investments close out the year, this is good news.
NEW YORK—U.S. stocks rallied as domestic home building jumped to the highest level in nearly two years and another successful Spanish debt auction buoyed investor sentiment. LINK
The Dow Jones Industrial Average surged 337.32 points, or 2.87%, to 12103.58 in light “close to the holidays” trading on Tuesday. The Nasdaq was up 35.95 or 2.98% to 1241.30 and S&P 500 even better closing up 3.19% to 2603.73.
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