Stocks climb on rising optimism for fiscal cliff deal
The Dow Jones Industrial Average rose, after falling for the fifth-straight session on Friday. Caterpillar led the blue-chip gainers, while McDonald's sagged. The S&P 500 and the Nasdaq were also higher. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded below 21. Major averages dropped nearly 2 percent across the board last week as skepticism grew on Wall Street over the budget talks. The CBOE Volatility Index rose to its highest level since June on Friday, closing above 22 for the first time since June. Still, equities have largely performed well in the last two months despite ongoing worries over the fiscal cliff. For the year, the Dow is up nearly 6 percent, while the S&P 500 and the Nasdaq are up more than 10 percent each.
People:
Senator Bob Corker
Overall Sentiment: 0
Relevance: 0.438428
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| -0.0516978 | "The discussions are going very well…I do think there's going to be a resolve to this," said Senator Bob Corker ... |
| -0.111568 | "The discussions are going very well…I do think there's going to be a resolve to this," said Senator Bob Corker on CNBC. "It's almost irrelevant when it happens—it's going to happen and it's probably going to happen today." |
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Barack Obama
Overall Sentiment: 0
Relevance: 0.390689
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Todd Horwitz
Overall Sentiment: 0
Relevance: 0.387889
| Sentiment | Quote |
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| 0 | "We had very thin trade last week and we're operating at about 40 parent of our normal volume," said Todd Horwitz, ... |
| 0 | "We had very thin trade last week and we're operating at about 40 parent of our normal volume," said Todd Horwitz, chief strategist at Adam Mesh Trading Group. "[Lawmakers in Washington] are going to get a deal done and the market's telling you that we're in a consolidation period between 1,370 to 1,440 [on the S |
| 0.0321048 | P 500]…I don't look at this as other than a trading range." |
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Key:
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- The Mean is meant to be an indicator of an individual's average comment sentiment.
- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
City: Washington
Overall Sentiment: 0.0451592
Relevance: 0.378277
Disambiguation: AdministrativeDivision | GovernmentalJurisdiction | MilitaryPost | PlaceWithNeighborhoods | USCountyReferences:
Country: United States
Overall Sentiment: 0.01724
Relevance: 0.362867
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Company: Caterpillar
Overall Sentiment: 0.063518
Relevance: 0.425722
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Company: Adam Mesh Trading Group
Overall Sentiment: 0
Relevance: 0.384076
Company: McDonald
Overall Sentiment: -0.102299
Relevance: 0.380507
Company: BMO Capital
Overall Sentiment: -0.230568
Relevance: 0.378323
Company: Facebook
Overall Sentiment: -0.163026
Relevance: 0.372679
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Company: Apple
Overall Sentiment: 0.0905955
Relevance: 0.371579
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Company: NBC
Overall Sentiment: 0
Relevance: 0.341572
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Organization: Senate
Overall Sentiment: 0
Relevance: 0.37164
Disambiguation: GovernmentalBody | LegislatureReferences:
Organization: White House
Overall Sentiment: 0.0419772
Relevance: 0.364444
Organization: House of Representatives
Overall Sentiment: 0.0215784
Relevance: 0.330267
FinancialMarketIndex: CBOE Volatility Index
Overall Sentiment: 0.129284
Relevance: 0.869988
FinancialMarketIndex: Dow Jones Industrial Average
Overall Sentiment: -0.136937
Relevance: 0.652248
FinancialMarketIndex: S&P 500
Overall Sentiment: 0.100057
Relevance: 0.595696
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Stocks climb on rising optimism for fiscal cliff deal
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Stocks bounced to trade near session highs in choppy trading Monday as lawmakers in Washington scrambled to strike a last-minute deal to avert the "fiscal cliff."
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- fiscal-cliff
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