Stocks gain on optimism that budget talks are advancing; Fed likely to extend stimulus

  • Article by: STEVE ROTHWELL , Associated Press
  • Updated: December 11, 2012 - 5:45 PM

NEW YORK - Stocks rose for a fifth straight day Tuesday as investors latched on to reports of progress in budget talks in Washington. The Standard & Poor's 500 index had its biggest gain this month.

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callmeronDec. 11, 12 2:27 PM

Do people realize that the current economy is floating on a sea of borrowed and printed money? NEVER before in history has this been necessary. The damage done by Barack Obama and the Democratic Party will be felt for generations to come. Add back the MILLIONS of unemployed workers who stopped looking for work out of frustration and are no longer factored into the official unemployment rate and the real unemployment rate is 11%--more than DOUBLE what it was under Bush's second term. It blows my mind that people voted to re-elect the man responsible for this sorry economy.

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