Markets closed up on Wall Street: DJI +0.11% SP500 +0.36% Nasdaq +0.41% Gold -0.12%
The markets were up because:
- Obama’s tax deal was in the spotlight again. A compromise was reached with Republicans, and it seems Dems probably won’t be able to stop it. Don’t Miss: Gold Breakout in Real Terms Means Good Times are Ahead for Gold Bulls >>
- Although shares of Costco (COST) dipped on flat margins, international revenues are steaming amidst a relatively slow economy. Profits for the warehouse retailer were up 17%. Earnings Cheat Sheet: Costco Revenue Rises 11%, Tops Analysts’ Estimates >>
- 10-Year Yields hit the highest since May. 3.34% was the fixed-income of the day as Treasuries fell.