NEW YORK (Reuters) - U.S. stocks kicked off the new year with their best day in over a year on Wednesday, sparked by relief over a last-minute deal in Washington to avert the "fiscal cliff" of tax hikes and spending cuts that threatened to derail economic growth.
The Dow Jones industrial average <.dji> gained 308.41 points, or 2.35 percent, to end unofficially at 13,412.71. The Standard & Poor's 500 Index <.spx> jumped 36.23 points, or 2.54 percent, to 1,462.42. The Nasdaq Composite Index <.ixic> rose 92.75 points, or 3.07 percent, to close unofficially at 3,112.26.
(Reporting by Chuck Mikolajczak; Editing by Jan Paschal)
"Cliff" deal drives Wall Street rally to start new year
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"Cliff" deal drives Wall Street rally to start new year
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"Cliff" deal drives Wall Street rally to start new year
