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US stocks end slightly hire amid hopes for 'cliff' deal

US-stocks 3 1NEW YORK: US stocks ended slightly higher Monday amid hopes that a political deal over the looming fiscal cliff was in the works.

 

Markets showed little effect from the fresh turmoil in the eurozone, after Italian Prime Minister Mario Monti said he would resign in the coming days and Silvio Berlusconi threatened a comeback on an anti-austerity platform.

 

At the close the Dow Jones Industrial Average was up 14.75 points (0.11 percent) to 13,169.88.

 

The broad-market S&P 500 added 0.48 (0.03 percent) to 1,418.55, while the tech-rich Nasdaq Composite rose 8.92 points (0.30 percent) to 2,986.96.

Transportation and basic materials shares were strongest, while consumer goods slipped.

 

Copyright AFP (Agence France-Presse), 2012