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home : business : business daily   May 29, 2016

11/19/2012 11:30:00 AM
Stocks





NEW YORK (AP) — The stock market is starting the holiday week with a big gain.
The Dow Jones industrial average was up 153 points at 12,741 in the first half-hour of trading Monday. The Standard & Poor’s 500 index rose 19, or 1.4 percent, to 1,378. The Nasdaq composite average gained 43, or 1.5 percent, to 2,895.
European markets rallied before U.S. markets opened. Financial analysts said it was because of optimism that leaders in the United States will reach a deal to avoid tax increases and government spending cuts set to take effect Jan. 1.
“It is quite clear that both sides want to come to a compromise and that a reasonable compromise is available,” said David Kelly, chief global strategist for J.P. Morgan Funds, in a note to clients.










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