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Stock Market News Update for Monday, December 13, 2010

 

Monday morning saw U.S. stocks climb steadily higher and the Dow looked to land at fresh 2010 highs as the bulls cheered China's decision to hold interest rates at their current levels.

Investors also pushed markets higher as they mulled over a slew of corporate deals and awaited resolution on the tax-cut deal from Washington.

However, Wall Street ended in a deadlock on Monday as a late-day slide led by technology stocks prevented the Dow from landing at a fresh 2010 closing high and put a stop to the Nasdaq Composite's eight-day win streak.

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