Originally published Wednesday, December 8, 2010 at 1:39 PM
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Summary Box: Bonds drop, stocks gain on tax deal
BOND SHOCK: A deal between President Barack Obama and Republican leaders to extend tax cuts pushed bond prices sharply lower. Traders expect the deal to boost economic growth and increase the size of the budget deficit.
The Associated Press
BOND SHOCK: A deal between President Barack Obama and Republican leaders to extend tax cuts pushed bond prices sharply lower. Traders expect the deal to boost economic growth and increase the size of the budget deficit.
NEW HIGH: The Standard & Poor's 500 index closed at a new yearly high of 1,228.28. It reached its last high on Nov. 5. The index is now up 10.1 percent for the year.
LESS GOLDEN ARCHES: McDonald's Corp. fell 1.6 percent to $78.74 after reporting November sales figures that fell short of analysts' expectations.
UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case
UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip
UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award
UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall
NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook
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