Gary is off today. Here is the market close information from Yahoo.
Equities opened lower, but staged a reversal when top lawmakers reiterated their desire to reach a budget agreement. After marking a session low near its 200-day moving average, the S&P 500 reversed 25 handles to session highs. The reversal was aided by comments from House Speaker Boehner who said he is optimistic a deal can be reached in order to avoid going over the fiscal cliff. In addition, the President held a press conference where he reiterated his belief in higher tax rates for top earners. He also stressed that if Congress fails to approve selective tax increases, going over the cliff will result in an across-the-board tax hike. The S&P 500 ended the session with a gain of 0.8%.
Indices: US – World | Most Actives
Advances & Declines
|Advances||2,099 (67%)||1,507 (59%)|
|Declines||922 (29%)||941 (37%)|
|Unchanged||128 (4%)||112 (4%)|
|Up Vol*||2,659 (79%)||1,200 (69%)|
|Down Vol*||634 (19%)||408 (24%)|
|Unch. Vol*||70 (2%)||125 (7%)|
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