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December 17, 2012 at 19:18 PM EST
Stocks Surge On Fiscal Cliff Optimism
Stocks rallied sharply Monday as optimism over the fiscal cliff offset lackluster factory data. The Nasdaq bolted 1.3% and regained its converged 200-day and 50-day moving averages, as well as the psychological 3000 mark 1. Gains from heavyweights Apple (AAPL) and Google (GOOG) helped the tech-laden index lead the market. Apple reversed higher near the 500 level, despite being downgraded at Citigroup. The S&P 500 rose 1.2%, demonstrating support
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