News Headline Summary

US EQUITY WRAP

US equities settled in positive territory as optimism encompassed the markets with fiscal cliff negotiations moving ahead. Commentary from Washington today has indicated that Democrats and Republicans are nearing a compromise with both sides making public concessions with regard to the earnings threshold for tax hikes, a move toward common ground. Remarks have also been heard that signify a deal could be reached by the end of the week, further fuelling positive sentiment. In the S&P 500 all 10 sectors finished in the green led by Technology which saw gains of 1.84% thanks to Apple who have today gained 2.78%. Also seeing significant gains was the Oil & Gas sector with gains of 1.69%, this follows positive investor sentiment in markets which participants see as a positive harbinger for energy demand. Finally, the DJIA finished up 0.87% at 13351.12, the S&P 500 finished up 1.15% at 1446.78 and the NASDAQ 100 finished up 1.54% at 2705.39.

Print 21:04, 18 Dec 2012 - US Equities - Source: RANsquawk