AP News

News Summary: Signs of budget deal


DO WE HAVE A DEAL?: Signs that a budget deal is taking shape in Washington helped push stocks to their best day this month. The Dow Jones industrial average rose 100 points. Investors want to see lawmakers reach an agreement to stop the U.S. falling over the "fiscal cliff" and sliding back into recession.

CITI SURGES: Citigroup advanced after broker Raymond James raised its target price on the stock. Financial stocks are the best-performing industry group in the Standard & Poor's 500 this year.

APPLE FIGHTS BACK: Apple gained for the first day in four after the company said that it sold more than 2 million iPhone 5s in China in their first three days of availability, setting a record for that market. The stock is still about 26 percent off its record highs reached in September.


Later, Baby
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