Stocks mostly rose, with the Dow above 13,000, as bank shares gained and comments by President Obama — ‘We can probably solve this in about a week, it’s not that tough,’ he said — made investors optimistic about a deal to avoid the fiscal cliff. Citigroup jumped 6.3% on news it will cut 11,000 jobs. Stocks have mostly traded sideways for two weeks as investors await developments on the federal budget talks — and worry that a failure to head off the big tax hikes and spending cuts set for next year will push the nation back into recession. Apple held the Nasdaq back; it declined after AT&T Mobility’s CEO suggested smartphone activations are lagging.
December 06, 2012
Read it all, now.
Don't miss any of your favorite stories again. Read the stories that matter to you as much as you want, whenever you want when you subscribe to BostonGlobe.com.
Get full access today for just 99¢