{"id":37739,"date":"2012-11-19T17:44:00","date_gmt":"2012-11-19T17:44:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-rally-as-fiscal-cliff-worries-ease\/37739\/"},"modified":"2012-11-19T17:44:00","modified_gmt":"2012-11-19T17:44:00","slug":"stocks-rally-as-fiscal-cliff-worries-ease","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stocks-rally-as-fiscal-cliff-worries-ease\/37739\/","title":{"rendered":"Stocks Rally as Fiscal Cliff Worries Ease"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p>Stock surged in trading today, with all three major indexes finishing near session highs, amid hopes that the fiscal cliff can be averted after lawmakers expressed confidence in reaching a deal on reducing U.S.\u2019s fiscal cliff deadline before the year-end deadline. Investors\u2019 sentiment was also lifted by better than expected housing market data.<\/p>\n<p><span id=\"more-37739\"><\/span><\/p>\n<p>The <a href=\"https:\/\/thestockmarketwatch.com\/markets\/dowjones\/today.aspx\">Dow Jones<\/a> ended the day 1.65% higher at 12,795.96, the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> ended the day 1.99% higher at 1,386.89, and the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">Nasdaq<\/a> ended the day 2.21% higher at 2,916.07.<\/p>\n<p>All sectors in the S&amp;P 500 rallied today. The gains in the S&amp;P 500 were led by Technology sector, which ended the day 2.53% higher. Basic Materials sector also surged, ending the day 2.31% higher. Industrials rose 2.32%.<\/p>\n<p>Stocks got off to a strong start earlier today after congressional leaders late last week expressed confidence about reaching a deal on reducing the fiscal deficit before the deadline and avert the fiscal cliff. Concerns over the fiscal cliff had sparked a sell-off in risk assets in the last few days. Congressional leaders and President Obama began discussions on the fiscal cliff issue last Friday and early indications are that a deal will be sealed and the cliff will be averted. This boosted investors\u2019 risk appetite in trading today.<\/p>\n<p>Investors\u2019 sentiment was further boosted by better than expected data from the housing market. According to the National Association of Realtors, existing home sales rose in the month of October to a seasonally adjusted annual rate of 4.79 million units. Meanwhile, a report from the National Association of Realtors showed that homebuilder sentiment rose for a seventh consecutive month in November.<\/p>\n<p>Among the major gainers in trading today were Green Mountain Coffee Roasters Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=GMCR\" target=\"_blank\" rel=\"noopener\">NASDAQ: GMCR<\/a>), which ended the day 11.32% higher at $27.33, Tyson Foods Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=TSN\" target=\"_blank\" rel=\"noopener\">NYSE: TSN<\/a>), which ended the day 10.90% higher at $18.72, and Lowe\u2019s Companies Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=LOW\" target=\"_blank\" rel=\"noopener\">NYSE: LOW<\/a>), which ended the day 6.19% higher at $33.96.<\/p>\n<p>European markets also rallied in trading today, with the FTSE 100 Index in London closing 2.36% higher, and the CAC 40 Index in Paris closing 2.93% higher. Asian markets also edged higher overnight, with the Nikkei 225 Index in Japan closing 1.43% higher and the Hang Seng Index in Hong Kong closing 0.49% higher.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20121121031754\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fstocks-rally-as-fiscal-cliff-worries-ease%2F37739&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/market-update-after-hours-november-20\/37792\">\nMarket Update After Hours November 20<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-on-a-mixed-note-51\/37781\">\nStocks End on a Mixed Note<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-settle-lower-silver-prices-also-slip-11\/37780\">\nGold Prices Settle Lower; Silver Prices also Slip<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-lower-after-bernanke-comments\/37779\">\nStocks Lower after Bernanke Comments<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-mixed-in-mid-day-trading-17\/37778\">\nStocks Mixed in Mid-Day Trading<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/american-woodmark-corporation-amwd-announces-second-quarter-results\/37764\">\nAmerican Woodmark Corporation &#8211; AMWD &#8211; Announces Second Quarter Results<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/trina-solar-limited-tsl-financial-results-for-the-third-quarter-of-2012\/37763\">\nTrina Solar Limited &#8211; TSL &#8211; Financial results for the third quarter of 2012<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20121121031754im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock surged in trading today, with all three major indexes finishing near session highs, amid hopes that the fiscal cliff 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