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You are here: Home»Markets»Equity»Americas»US stocks rocket after fiscal cliff deal; Nasdaq up 3.1pc

us-stock-WASHINGTON: US stocks took off flying on the first trading day of the new year Wednesday after Congress reached a last-minute deal to avert the fiscal cliff which could have sent the economy back to recession.

 

The S&P 500 soared 2.5 percent as traders shrugged off the specter that a new deficit fight between Democrats and Republicans was just weeks away to go on a buying spree.

 

At the close the Dow Jones Industrial Index gained 286.87 points (2.19 percent) at 13,391.01.

 

The broad-based S&P 500 added 36.23 (2.54 percent) at 1,462.42, while the Nasdaq outperformed with a 92.75 point gain, or 3.07 percent, to 3,112.26.

 

Copyright AFP (Agence France-Presse), 2013


 



 
Index Closing Chg%
Arrow DJIA 16,493.37 0.42
Arrow Nasdaq 4,352.64 0.39
Arrow S&P 1,925.15 0.29
Arrow FTSE 6,679.18 0.76
Arrow DAX 9,210.08 2.10
Arrow CAC-40 4,202.78 1.02
Arrow Nikkei 15,523.00 0.63
Arrow H.Seng 24,532.43 0.91
Arrow Sensex 25,480.84 1.60





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln