U.S. stocks rose, giving the Standard & Poor’s 500 Index its biggest gain in more than a year, after lawmakers passed a bill averting spending cuts and tax increases that threatened a recovery in the world’s biggest economy.
U.S. stocks rose on Monday, after the biggest weekly drop for the Standard & Poor’s 500 Index in about two months, amid speculation Congress will reach a deal to head off more than $600 billion in spending cuts and tax increases.
Foreign direct investment (FDI) focused on food and agricultural production has soared more than 300% in just the past several tracked and reported years. Yet that investment is just seed capital.
U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a fifth day, amid concern talks between President Barack Obama and Republican lawmakers may not yield a budget deal by the year-end deadline.
U.S. stocks pared most of their earlier losses in the final hour of trading as the House of Representatives was said to plan a session on Dec. 30, fueling optimism a budget deal will be reached.
U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a third day, as President Barack Obama and Congress prepared to resume budget talks and retailers slumped after the Christmas holiday.