U.S. stocks rose Monday.
NEW YORK (CNNMoney)
U.S. stocks rose Monday, as signs that a deal is taking shape in the fiscal cliff negotiations reassured investors. And that momentum could continue into Tuesday, with European markets trading higher and stock futures pointing to a positive opening on Wall Street.
House Speaker John Boehner's suggestion that he was open to including higher tax rates on the wealthiest Americans has been described as "progress" by the White House.
With few major economic or corporate reports on the agenda, investors will be looking for further evidence Tuesday that a compromise is being hammered out in Washington. Before the opening bell, the government will release data on the current-account deficit for the third quarter, while tech giant Oracle (ORCL, Fortune 500) will report quarterly results in the afternoon.
Fear & Greed Index
European markets were solidly higher in morning trading, taking their cue from the positive close Monday in the U.S., while Asian markets ended mixed. Japanese shares continued to rally on hopes of further economic stimulus following the resounding election victory for Shinzo Abe's Liberal Democratic Party.
The dollar was firmer against the yen and the euro, but a shade weaker against the pound. 
First Published: December 18, 2012: 3:58 AM ET
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