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.
18 Dec 2012 - 21:04 - Energy - Source: RANsquawk
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