Stocks higher on hopes for a deal to avoid 'cliff'
by STEVE ROTHWELL,AP Business Writer
Nov 28, 2012 | 3444 views | 3 3 comments | 6 6 recommendations | email to a friend | print
NEW YORK (AP) — Stocks are closing higher on signs that lawmakers are edging toward a deal that would help the U.S. avoid a fiscal crisis at the end of the year.

The Dow Jones industrial average gained 107 points to end at 12,985 Wednesday. It had been down as much as 112 points.

The Standard and Poor's 500 rose 11 points to 1,410. The Nasdaq composite rose 24 points to 2,992.

Huge tax increases and spending cuts will come into effect Jan. 1 if no deal on the U.S. budget is reached. President Barack Obama said he believed that both parties can reach a framework on a deal before Christmas.

Rising stocks outnumbered falling ones two-to-one on the New York Stock Exchange. Volume was lighter than average at 3.3 billion shares.
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geekazoid
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November 28, 2012
It never ceases to amaze me that when I read "stocks are down" morning articles the stocks are usually up when I check, and vice versa. It makes no sense to post this kind of article so early in the day when trends usually are reversed by midday. These morning articles are useless and misleading, and the RN-T should leave them alone, at least until the afternoon when trends have settled more.
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npcomaster
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November 28, 2012
These are posted throughout the day when they're released by the Associated Press - generally 3 to 4 times a day. If you'd like up to the minute stock market figures visit our business -> markets page.
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geekazoid
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November 28, 2012
I keep up with them upon occasion, and appreciate your later day coverage, but these morning AP reports are next to useless and often misleading. There's always the Web for serious stock reporting in depth.
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