U.S. Stock Futures Jump on Fiscal Cliff Deal

Banking, finance, and taxes

Published: January 2, 2013 8:42 am

Last Updated: April 28, 2020 9:11 am

Last night’s passage of a deal on the fiscal cliff in the U.S. House of Representatives has lit a fire under stock futures this morning. The DJIA is up more than 160 points (about 1.3%), the S&P 500 is up more than 23 points (1.7%) and the Nasdaq is up about 53 points (2%) as New Year trading gets set to begin.

Financial stocks are getting a nice boost this morning, with Bank of America Corp. (NYSE: BAC) up more than 2%, J.P. Morgan Chase & Co. (NYSE: JPM) up about 1.7%, Citigroup Inc. (NYSE: C), up 1.4% and Wells Fargo & Co. (NYSE: WFC) up about 1%.

Apple Inc. (NASDAQ: AAPL) is up nearly 3% in premarket trading, and Facebook Inc. (NASDAQ: FB) has jumped about 2.6%. Other tech stocks making solid moves this morning include Intel Corp. (NASDAQ: INTC), up 1.7%; Cisco Systems Inc. (NASDAQ: CSCO), up 2.2%; and Hewlett-Packard Co. (NYSE: HPQ), up nearly 3%.

Other heavily traded stocks posting gains this morning include Ford Motor Co. (NYSE: F), up nearly 2%; Research In Motion Ltd. (NASDAQ: RIMM), up 3%; Sirius XM Radio Inc. (NASDAQ: SIRI), up 2%; and General Electric Co. (NYSE: GE), up 1.7%.

And while stock futures are not a sure-fire predictor of market performance once trading actually begins, equities look better this morning than they did at this time a day or two ago.

Paul Ausick

Are You Ahead, or Behind on Retirement?

If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: am I ahead, or behind on my goals?

Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With Zoe Financial’s free matching tool, you can connect with trusted financial advisors in minutes.

Why wait? Click here to get started today!