News Summary: US stocks rise on fiscal optimism

My Fox Spokane Biz
News Summary: US stocks rise on fiscal optimism

By The Associated Press

BOUNCING BACK: U.S. stocks shook off their post-election slump Monday, recording their biggest gain in more than two months. It was the market's first big, broad rise since election day, Nov. 6. Since then, the Dow Jones industrial average had fallen 5 percent.

TYSON KNOCKOUT: A pair of strong corporate earnings reports from Lowe's and Tyson Foods supported the rally.

CLIFF NOTES: Traders appear more confident that leaders will strike a deal to avoid the "fiscal cliff," a package of government spending cuts and tax increases that will take effect next year unless Congress and the White House can strike a deal.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most Popular Stories

Protesters chant 'Stop the IRS' in Cincinnati

Protesters chant 'Stop the IRS' in Cincinnati
By DAN SEWELLAssociated Press CINCINNATI (AP) - Tea party activists waving flags and signs, singing patriotic songs and chanting anti-IRS slogans protested outside federal buildings across the country Tuesday to protest the agency's extra scrutiny of conservative groups. A crowd packed the

Small Fla. city anxious to learn jackpot winner

Small Fla. city anxious to learn jackpot winner
By TAMARA LUSH and BARBARA RODRIGUEZAssociated Press ZEPHYRHILLS, Fla. (AP) - It could be an anxious wait of up to two months for people in a small Florida city to find out who won the highest Powerball jackpot in history: an estimated $590.5 million. The lucky ticket was bought sometime Saturday

WATCH LIVE: Clay Starbuck Trial Happening Now; Accused Of Murdering His Ex Wife

WATCH LIVE: Clay Starbuck Trial Happening Now; Accused Of Murdering His Ex Wife
SPOKANE, Wash. – The trial of Clay Starbuck, charged with killing his ex-wife Chanin and sexually violating her remains, entered its third week Monday at the Spokane County Courthouse. Chanin Starbuck was found strangled to death in her Deer Park home in December of 2011, and Clay