Wall Street Hits Monthly Highs; Oracle Reports Higher Profit (ORCL)

Signs of progress in Washington led to a second day of gains in the US markets.  The S&P 500 had its best two-day run in a month. Nielsen Holdings NV (NLSN) announced its acquisition of Arbitron Inc. (ARB) worth $1.26 billion and rose 3.1% for the day. After the bell, Oracle Corp. (ORCL) announced second quarter results that beat expectations and saw shares rise around 2.7%. Facebook (FB) released its new policy change for its site Instagram set to take effect on January 16, igniting user revolt throughout the day.
Home builder confidence reportedly rose for the eight month in a row to its highest level in over six years. Many analysts await tomorrow's housing starts report for the month of November and expect a decline mostly due to Hurricane Sandy.

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Published on Dec 18, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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