Originally published Wednesday, January 2, 2013 at 2:08 PM
How the Dow Jones industrial average fared
The stock market zoomed higher on Wednesday, the first trading day of the year. Investors were relieved that Republicans and Democrats hammered out a last-minute budget deal, though the compromise leaves many issues unresolved.
The Associated Press
The stock market zoomed higher on Wednesday, the first trading day of the year. Investors were relieved that Republicans and Democrats hammered out a last-minute budget deal, though the compromise leaves many issues unresolved.
The Dow Jones industrial average jumped 308.41, or 2.4 percent, to 13,412.55.
The Standard & Poor's 500 index rose 36.23, or 2.5 percent, to 1,462.42.
The Nasdaq composite index shot up 92.75, or 3.1 percent, to 3,112.26.
For the week:
The Dow is up 474.44, or 3.7 percent.
The S&P 500 is up 59.99, or 4.3 percent.
The Nasdaq composite is up 151.95, or 5.1 percent.
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