NEW YORK (AP) — Stocks are sharply higher at midday on Wall Street.
The Dow Jones industrial average is up 154 points at 12,743. The Standard & Poor's 500 index is up 20 at 1,380. And the Nasdaq composite index is up 44 points at 2,897.
Some investors are expressing optimism about a deal in Washington to avoid the tax increases and government spending cuts set to take effect Jan. 1. Investors are also encouraged by earnings reports from Lowe's and Tyson Foods.
Energy stocks are among the best performers in the market. The price of crude oil is up more than $2 a barrel, partly because of the escalating conflict between Israel and Hamas.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 17th, 2014 | John Ransom
In Other News: State Department Covers Up for Hillary – Asks IRS How to Destroy Hard-Drives | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 15th, 2014 | John Ransom