Stocks Go Absolutely Bananas for ‘Fiscal Cliff’ Deal

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.

“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.

Gains were incredibly broad. In fact, for every stock that fell on the New York Stock Exchange, 10 rose.

“Volume was heavier than the recent average at 4.1 billion shares,” the AP report concludes.

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Featured image courtesy Getty Images.

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