Last Day of Year Market Close - Good Bye 2012
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December 31, 2013 - 8:15pm
Gary is off on assignment. Happy New Year everyone! Here is the market close from Yahoo Finance.
Equities began today's session on a slightly lower note after the weekend failed to advance the budget negotiations. The talks have now entered the 11th hour, and the likelihood of a timely, comprehensive agreement remains distant. However, recent reports out of Washington indicated the two sides have made some progress on revenues, but the debate over spending cuts is scheduled to continue. Equities rallied broadly amid low volume and the S&P 500 finished higher by 1.7%. The materials sector outperformed after the Chinese HSBC Manufacturing PMI report beat expectations. The strong PMI reading was received as a positive sign for the country's economy, which in turn would be a positive for the future demand for basic materials. Technology stocks also outp...
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