Fiscal Cliff and Potential Progress; Today’s Dow Jones Industrial Average DJIA Index mid-day stock market news December 17, 2012
Posted on | December 17, 2012 | No Comments
Stock Market Investing News Review Today December 17, 2012:
Stock futures were mixed this morning as the U.S. marketplace begins a new week and attempts to move forward with year-end budget talk. The fiscal cliff related policy negotiations remained stalled last week as congressional policy leaders postured for position. The marketplace was pressured throughout the last five trading sessions and as a result, finished the last week of trading in negative territory overall.
This week, traders hope to see more concession-based compromise on spending cuts and tax increases. Over the weekend, the White House reviewed another policy package offer from the Republican contingent which was described as progressive. No agreement yet however. The most recent offer was described as not enough by the White House officials but the signs of movement are well received. The marketplace responded favorably.
Today, as the trading session reached the mid-day mark, stock composites were tracking in positive territory across the board.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 Stock Market Index Review mid-day December 17, 2012:
The Dow Jones Industrial Average was above break-even by .64 percent at 13,219.37. The Nasdaq was higher by .93 percent at 2,998.90 and the S&P 500 was up by .90 percent at 1,426.31 as of the mid-day mark.