Stocks fell for a fifth day on concern that Washington lawmakers will fail to reach a budget deal before a year-end deadline, putting the market on track for its longest losing streak in three months. The Dow Jones industrial average closed down 1.2%, below 13,000. Ref. USAToday
Stocks Increase
The stock market shot higher on Monday afternoon, in the year's final hour of trading, signaling that investors believe the politicians in Washington will work out a budget compromise to avoid the "Fiscal cliff." The Dow Jones industrial average closed up 166 points, or 1.28%. Ref. USAToday
Dow closes up more than 300 points on relief from 'fiscal cliff'
The Dow Jones industrial average finished the day up 2.35% as the "Fiscal cliff" compromise sent the stock market shooting higher on the first trading day of the new year. Ref. USAToday
Although gains weren't huge Friday, the broad S&P 500 stock index still posted its biggest weekly gain in more than a year, up 4.6%. The Dow Jones industrial average was up 3.8% for the week and Nasdaq was up 4.8%. Ref. USAToday
Strong reports on the economy, especially in housing and employment, pushed the Standard & Poor's 500 index to a new five-year high Thursday, with the index closing at 1,482.24. The Dow Jones industrial average closed just shy of a new five-year high. Ref. USAToday
The Standard & Poor's 500 index on Thursday traded above 1,500 for the first time since December 2007. The index inched above 1,500 in early trading and was up four points at 1,499 as of 10:15 a.m. Thursday's gain followed a drop in claims for unemployment benefits. The Dow Jones industrial average was up 69 points at 13,849. The Nasdaq fell nine points to 3,144, pulled down by a sharp drop in Apple. Ref. USAToday
Standard & Poor's 500 index closed above 1,500 on Friday as the Dow Jones industrial average edged closer to breaking through 14,000, ending the day at 13,896. The tech-laden Nasdaq composite joined the Dow and S&P in ending higher for the fourth straight week. Apple stock again ended lower, allowing Exxon to reclaim its position as the world's most valuable company Ref. USAToday
The Dow Jones industrial average traded above 14,000 for first time since Oct. 17, 2007, but then dropped shortly after topping the historic number. Ref. USAToday