U.S. Stocks Open Higher

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Monday, November 19, 2012

The stock market is starting the holiday week with a big gain.

Just after the opening bell on Wall Street, the Dow Jones industrial average is up 102 points at 12,690. The Standard & Poor's 500 index is up 12 at 1,372. And the Nasdaq composite index is up 32 to 2,885.

European markets are sharply higher. Financial analysts say it's because of optimism that leaders in the United States will reach a deal to avoid the so-called fiscal cliff, a package of tax increases and government spending cuts set to take effect Jan. 1.

U.S. investors are also encouraged by corporate earnings reports. Lowe's says its third-quarter profit surged 76 percent. That's after a strong report from Home Depot last week. Tyson Foods also beat Wall Street expectations.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 179950391 - kake.com/a?a=179950391