GO
Loading...

Here’s Why Stocks Ended Higher: Pros

Tuesday, 11 Dec 2012 | 5:32 PM ET
Here's Why Stocks Ended Higher: Pros
The stock market is factoring in a few different factors, the "Fast Money" pros say.

Stocks rallied Tuesday as the market factors in a host of factors, the CNBC "Fast Money" pros said.

Investors are expecting the Federal Reserve to announce a fourth round of quantitative easing, Tim Seymour of EmergingMoney.com said. "I think the market has priced that in."

But lawmakers looking to avoid the "fiscal cliff" that would trigger tax hikes and spending cuts if a budget deal is not reached are also looking to the Fed to do its "heavy lifting," Seymour said.

"They cannot, and they should not," he said.

The Dow Jones Industrial Average rallied for a fifth straight day, and the Nasdaq closed at its highest level since Oct. 18. The S&P 500 also gained 0.65 percent to close at 1,427.84.

Seymour also noted that Germany was providing a tell – "exporters, they have been rallying."

"So much euphoria is priced in," said Karen Finerman of Metropolitan Capital Advisors.


  Price   Change %Change
DJIA
---
NASDAQ
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report

  • Jay Yarow, The Business Insider, and Steve Milunovich, UBS, discuss whether Tim Cook is to blame for Apple's drop in growth. I think it's pretty clear they missed the big phone market and overestimated the success of the plastic 5C phone, says Milunovich.

  • CNBC's Eamon Javers reports on Bill Ackman's stake in Allergan. Javers says this is a classic case of insider trading that is not against the rules.

  • FMHR trader Josh Brown thinks Dunkin' Brands looks fantastic technically, while Mike Murphy says investors are questioning the company's massive expansion plans.