By: JeeYeon Park CNBC.com Writer
Stocks finished in positive territory Tuesday,
with the Dow logging a five-day win streak, but off their session highs
after Senate Majority Leader Harry Reid threw cold water on the ongoing
"fiscal cliff" negotiations.
Reid said it will be hard to reach a budget deal by Christmas, adding that Democrats aren't going to make an offer on spending cuts for Republicans.
| Name | Price | Change | %Change | Volume | ||
|---|---|---|---|---|---|---|
| DJIA | Dow Jones Industrial Average | 13248.44 | 78.56 | 0.60% | --- | |
| S&P 500 | S&P 500 Index | 1427.84 | 9.29 | 0.65% | 0 | |
| NASDAQ | Nasdaq Composite Index | 3022.30 | 35.34 | 1.18% | 0 |
The Dow Jones Industrial Average rose 78.56 points, or 0.60 percent, to close at 13,248.44, led by Intel and 3M. The blue-chip index was up triple digits before paring its gains.
The S&P 500 climbed 9.29 points, or 0.65 percent, to finish at 1,427.84. The Nasdaq rallied 35.34 points, or 1.18 percent, to end at 3,022.30. The Dow and the Nasdaq have wiped out their post-election day losses.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended below 16.
The S&P 500 climbed 9.29 points, or 0.65 percent, to finish at 1,427.84. The Nasdaq rallied 35.34 points, or 1.18 percent, to end at 3,022.30. The Dow and the Nasdaq have wiped out their post-election day losses.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended below 16.
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