Closing out the day… Stocks closed out the day, and 2012 with gains after some apparent progress toward a resolution to the Fiscal Cliff. It doesn't seem like a deal will be reached before midnight, but the two sides are reportedly getting closer. Current reporting says the House will not be voting on anything this evening, but with taxes set to increase as the calendar turns to 2013, voting tomorrow allows any compromise between President Obama and House Republicans to be for a tax cut instead of a tax increase. Monday's close puts 2012 in the books for a 13.41% increase from the S&P 500, a 15.91% gain from the NASDAQ Composit index and a 7.25% gain for the Dow Jones Industrial Index.
Among the high-volume stocks today News Corp. (NWS), Xcel Energy (XEL), Arena Pharmaceuticals (ARNA) and Herbalife (HLF) posted gains while TNS Inc. (TNS), Watson Pharmaceuticals (WPI), KKR Financial Holdings (KFN) and Wabash National Corp (WNC) all moved lower. The Chicago Board Options Exchange Volatility Index closed the day down 4.7 at 18.00 a 20.77% decrease. The Put/Call Volume Ratio is at 0.83 while the Put/Call Open Interest ratio is at 0.91. [InvestorsKeyhole, various news and data sources]