Monday, April 21, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

US stocks rise on hopes for budget deal, Europe

NEW YORK — The stock market finally shook its post-election slump.

Investors seized on hope that Washington will reach a deal on the federal budget and drove stocks Monday to their biggest gain in two months. A pair of strong corporate earnings reports also helped.

The Dow Jones industrial average closed up 207 points, or 1.7 percent. Since President Barack Obama and a divided Congress were returned to power Nov. 6, the Dow had fallen six of eight days and a total of 650 points.

Obama and congressional leaders are in talks to avoid going over a “fiscal cliff” on Jan. 1, when tax increases and mandatory government spending cuts are set to take effect.

While Obama and Republicans appear at odds on whether tax rates for the wealthiest Americans should rise, lawmakers suggested over the weekend that progress is possible.

“I can tell you that the fiscal cliff is focusing the mind,” Illinois Sen. Richard Durbin, a Democrat, said on CNN’s “State of the Union.” He said he had heard from Republicans “the beginning of a negotiation.”

Comments like those comforted investors, who are grasping for signs that the negotiations might go somewhere.

“It is quite clear that both sides want to come to a compromise and that a reasonable compromise is available,” David Kelly, chief global strategist for J.P. Morgan Funds, wrote in a note to clients.

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

Fairfield police: Man shot while driving on I-80

By Adrienne Harris | From Page: A1

 
Jelly Belly artist finds her work sweet

By Ian Thompson | From Page: A1 | Gallery

Rodriguez musicians win big in Reno

By Amy Maginnis-Honey | From Page: A1

 
Best of the best compete at dog show

By Adrienne Harris | From Page: A3 | Gallery

Fairfield police log: April 19, 2014

By Susan Hiland | From Page: A9

 
Suisun City police log: April 19, 2014

By Susan Hiland | From Page: A9

Fairfield police log: April 18, 2014

By Susan Hiland | From Page: A9

 
Suisun City police log: April 18, 2014

By Susan Hiland | From Page: A9

Street-sweeping dealership comes to Fairfield

By Barry Eberling | From Page: A11 | Gallery

 
Networking event at Solano College

By Barry Eberling | From Page: A11

North Bay Pediatrics marks anniversary

By Barry Eberling | From Page: A11

 
Firm facilitates building lease in Fairfield

By Barry Eberling | From Page: A11

Weather for Monday, April 21, 2014

By Daily Republic staff | From Page: B12

 
.

US / World

.

Opinion

Legislature critic is selective

By Letter to the Editor | From Page: A8

 
.

Living

.

Entertainment

.

Sports

Young Clippers try to mature against Warriors

By The Associated Press | From Page: B1 | Gallery

 
Sharks take 2-0 series lead with 7-2 win vs. Kings

By The Associated Press | From Page: B1 | Gallery

NBA: Refs missed foul call in Warriors-Clippers

By The Associated Press | From Page: B1

 
Chavez gets 1st win, A’s complete sweep of Astros

By The Associated Press | From Page: B1

 
Posey, Lincecum lead Giants to 4-3 win

By The Associated Press | From Page: B1 | Gallery

Prep baseball: Pair of 10-run innings powers Vikings to win

By Daily Republic staff | From Page: B2

 
Prizefighter Rubin ‘Hurricane’ Carter dies at 76

By The Associated Press | From Page: B2 | Gallery

Red Sox remember Boston Marathon victims

By The Associated Press | From Page: B2

 
After bombs, Boston Marathon under tight security

By The Associated Press | From Page: B2

Wawrinka beats Federer to win Monte Carlo Masters

By The Associated Press | From Page: B2

 
Westwood wins Malaysian Open

By The Associated Press | From Page: B2

Jimenez closes with 67 to win Greater Gwinnett

By The Associated Press | From Page: B2

 
Kuchar rallies from 4 back to win RBC Heritage

By The Associated Press | From Page: B2 | Gallery

 
Duncan scores 27 points, Spurs beat Mavs 90-85

By The Associated Press | From Page: B8

James, Wade lead Heat past Bobcats 99-88 in Game 1

By The Associated Press | From Page: B8

 
Nene dominates, Wizards rally past Bulls, 102-93

By The Associated Press | From Page: B8 | Gallery

Aldridge leads Portland over Houston 122-120 in OT

By The Associated Press | From Page: B8

 
.

Business

 
.

Obituaries

Anne Irene Elizabeth Fulgoni

By Nancy Green | From Page: A4, 2 Comments

 
.

Comics