Stocks kicked off the first trading day of 2013 with a sharp 2-percent rally across the board fueled by the last-minute budget deal by lawmakers to avert the "fiscal cliff" that would have pushed the economy into recession.
U.S. benchmark 10-year Treasury yields hit their highest in over three months after lawmakers approved a deal that prevented a round of automatic budget cuts and tax hikes that could have tipped the world's largest economy into recession.
The dollar suffered against higher-yielding currencies after U.S. lawmakers approved a last-minute deal to avert huge tax rises and spending cuts, spurring demand for riskier investments.
Oil prices rose to 11-week highs as part of a cross-market rally after the U.S. Congress approved a deal to avert tax hikes and spending cuts that threatened economic growth.
Gold rose nearly 1 percent on Wednesday, as economic optimism fueled sharp gains on Wall Street after U.S. lawmakers clinched a last-minute deal to avoid tax hikes that threatened to send the economy back to a recession.
John Stoltzfus, Oppenheimer chief investment strategist, offers investment strategies on today's market run.
CNBC's Jackie DeAngelis explains how the "fiscal cliff" deal will impact the health care sector in the long-term. And, Jonathan Bush, Athenahealth chairman, CEO & president, provides perspective on health care reform and the 'cliff' deal.
Hope springs eternal among most stock strategists and Jeremy Zirin, chief equity strategist at UBS Wealth Management, is no exception. Zirin expects moderate gains in stocks this year.
U.S. stocks are set to move higher short term on a temporary fix to the "fiscal cliff."
Asian stocks rose nearly two percent to hit a five-month high as both houses of Congress passed a bill to end the "fiscal cliff" crisis that threatened a U.S. recession and roiled world financial markets.
European shares closed sharply higher on Wednesday and the U.K.'s FTSE 100 topped 6,000 points, after the U.S. finally approved a bill to avert the "fiscal cliff".
Markets are relieved that the U.S. Congress has approved a deal to avert a "fiscal cliff", but analysts warn that investors now face a rocky two months ahead as negotiations over the debt ceiling begin.
Stocks finished the final trading day of 2012 with a sharp rally, as optimistic remarks from Senate minority leader Mitch McConnell and President Barack Obama overshadowed the possibility that the U.S. could go over the "fiscal cliff" at the end of the night.
The dollar rose against most currencies Monday in thin trading and held its gains even after President Barack Obama said a deal was in sight to avert a fiscal disaster.
A volatile year for IPOs has paved the way for a potentially meager 2013, with just a few dozen companies filing to go public within the last six months, none of which are considerable in size.
Gold stretched higher on Monday on hopes that an agreement to head off a fiscal crisis could soon be at hand.
Brent crude rose on Monday, closing 2012 up for the fourth straight year after geopolitical threats to production offset worries about flagging oil demand.
U.S. Treasury debt extended early price losses following news that a majority of Senate Republicans are expected to support a tentative deal to at least temporarily avert the "fiscal cliff" of tax increases and government spending cuts.
If you want to avoid big swings in risk appetite, look for currencies other than the U.S. dollar, this expert says.
Sometimes the biggest paydays come from making a contrarian bet on the most hated sector on the planet.
European shares were flat on Friday as talks over the "fiscal cliff" stalled.
European shares closed lower on Wednesday for a third consecutive session, with resurging worries about the global economic outlook undermining investor sentiment.
Standard & Poor's decision to cut Spain's credit rating to one notch above junk status is weighing on markets.
Asian shares dipped on Tuesday following losses on Wall Street after U.S. manufacturing activity hit a three-year low in November.
As the Chinese boom slows Hermes, Remy and other posh names are still going full throttle in Asia.
The worst US drought in over 50 years is pushing commodity prices to record highs.