S&P up 2% on higher housing starts and German confidence

PUBLISHED ON: December 20, 2011 | Duration: 23 min, 10 sec

  
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Wall Street rallies as the S&P jumps 2 per cent on surge in housing starts to a 1-1/2 year high in November along with a sharp rise in German business sentiment in December, defying expectations of a fall. Also, the Republican-led House of Representatives push for new payroll tax cut talks, setting stage for a showdown with Senate Democrats.

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