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Daily Market Wrap: November 28, 2012

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November 28, 2012 AT 10:01 PM
Optimism over a possible deal to avoid the fiscal cliff gave the markets a bit of a boost today, following remarks by House Speaker John Boehner and President Barack Obama who said he hopes to reach a deal before Christmas. On the economic front, the Commerce Department said new home sales fell 0.3 percent in October, to a seasonally adjusted 368,000, falling short of economists' expectations.