US stocks soar on 'cliff' hopes, housing data
- Published: 20 Nov 2012 at 04.47
- Online news: World
US stocks surged Monday on upbeat housing data and hopes that politicians will find a way to avoid the so-called "fiscal cliff" of automatic tax hikes and spending cuts in January.
raders work on the floor of the New York Stock Exchange on November 15. US stocks surged Monday on upbeat housing data and hopes that politicians will find a way to avoid the so-called "fiscal cliff" of automatic tax hikes and spending cuts in January.
The jump was underpinned by Apple, the most valuable public company, which took a 7.2 percent bounce to $565.73, following weeks of losses.
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