Stocks responded positively to Congress’ last-minute “fiscal cliff” budget deal.

“The Dow Jones industrial jumped 308 points to close at 13,412 Wednesday, the first trading day of the year. That’s the biggest gain the Dow has had since December 2011,” the AP notes. Stocks Soar One Day After Congress Reaches a Fiscal Cliff Agreement

“The Standard & Poor’s 500 index rose 36 points to 1,462. The Nasdaq composite rose almost 93 points to 3,112,” the report adds.

Stocks Soar One Day After Congress Reaches a Fiscal Cliff AgreementGains were incredibly broad. In fact, for every stock that fell on the New York Stock Exchange, 10 rose.

Stocks Soar One Day After Congress Reaches a Fiscal Cliff Agreement“Volume was heavier than the recent average at 4.1 billion shares,” the AP report concludes.

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