KKTV - Economy - Headlines

US Stocks Leap On First Day Of New Year

By: AP
By: AP

NEW YORK (AP) -- The stock market got a big jump on a better year.

Investors sent stocks higher on the first trading day of 2012 following encouraging economic reports from the U.S. and around the world.

The Dow Jones industrial average closed up 180 points, or 1.5 percent, at 12,397 Tuesday. The Standard & Poor's 500 rose 19 points, or 1.6 percent, at 1,277 and the Nasdaq rose 44, 1.7 percent, to 2,649.

Investors seized on the latest signs of strength in the U.S. economy: an expansion of manufacturing in December at the fastest rate in six months and an increase in construction spending in November.

There was also hope from Europe's largest economy, Germany, which reported that the average number of people unemployed there last year was the lowest in two decades.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 136593388 - kktv.com/a?a=136593388