Author: 123jump.com Staff
123jump.com
Last Update: 10:52 PM EST December 12 2005

Market awaits the final rate hike at Fed meeting scheduled for Tuesday. Market rally lost its early steam in the late afternoon as traders turned cautious. Chinese Internet stocks and Indian banking stocks rose in the session. Energy, tech, and big retailers led a modest rally. Home builders, defense and casino stocks ralliled. Specialty retailers were under pressure.