Optimism about “cliff” boost market; financials lead
NEW YORK (Reuters) – The S&P 500 ended at its highest level in almost two months on Monday on rising hopes that negotiations over the "fiscal cliff" were making progress and that a deal could be reached in days. After weeks of stalemate, President Barack Obama and Republican House Speaker John Boehner met at the White House on Monday, raising hopes that Washington will be able to head off steep tax hikes and spending cuts that threaten the economy. All of the S&P 500’s 10 sectors were higher, led by financials and other growth-oriented sectors. The S&P Financial Index gained 2. . . .
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