Wall Street jumps at open on fiscal deal
January 3, 2013 1:42 AM EST
Stocks soared on the first day of trading in 2013 after lawmakers agreed a deal to avoid massive tax hikes and spending cuts that had threatened to hurt economic growth.
The Dow Jones industrial average <.DJI> surged 149.41 points, or 1.14 percent, at 13,253.55. The Standard & Poor's 500 Index <.SPX> was up 19.17 points, or 1.34 percent, at 1,445.36. The Nasdaq Composite Index <.IXIC> was up 74.47 points, or 2.47 percent, at 3,093.98.
Wednesday marked the best day for the Nasdaq since June 30.
(Reporting by Ryan Vlastelica; Editing by Bernadette Baum)