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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 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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