Wednesday, January 2, 2013

Fiscal cliff talks lift stocks | Reduction

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Fiscal cliff talks lift stocks

Long Gone John.
Long Gone John. by mariacasa
License (according to Flickr): Attribution-ShareAlike License
Excerpt:

NEW YORK (CNNMoney) -- Even though no agreement is imminent, and lawmakers have a nasty habit of waiting until the last minute to resolve disputes, markets around the world are reacting positively to signs that Washington might be moving toward a deal on the fiscal cliff. U.S. stocks opened higher Thursday, building on the prior day's strong performance. The Dow Jones industrial average gained 58 points, or 0. 4%, while the S&P 500 added 0. 5% and the Nasdaq gained 0.7%. Lawmakers and the White House have been in talks to avoid the slew of year end tax increases and spending cuts known as the fiscal cliff and investors will likely be taking their cue from developments in Washington during the trading day. Data showing an improving economy also provided a boost. The government said U.S. gross domestic product grew at a 2.

People:

Hang Seng

Overall Sentiment: 0.163316

Relevance: 0.472521

Additional Info:

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FinancialMarketIndex: Dow Jones industrial average

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FinancialMarketIndex: Nasdaq

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Relevance: 0.481935

FieldTerminology: gross domestic product

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Company: Goldman Sachs

Overall Sentiment: 0.639176

Relevance: 0.494672

Company: Tiffany

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Company: RIMM

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Relevance: 0.40795

Organization: White House

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Organization: European Commission

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Country: United States

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Continent: Europe

Overall Sentiment: 0.039801

Relevance: 0.477833

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