Stocks Hold Near Highs In Late Trading; Volume Jumps
Posted on December 11, 2012 at 15:03 PM EST
Wall Street held near its intraday highs Tuesday afternoon on hopes Congress will reach a budget deal to avert the fiscal cliff and the Federal Reserve will take new steps to boost the economy. The Nasdaq climbed 1.3% in volume that was 23% higher than the same time Monday. The S&P 500 rose 0.8%, while the Dow Jones industrial average added 0.7%. NYSE volume rose 18%. Celgene (CELG) rose more than 2% in double its average daily volume, hitting a