Stocks Start 2013 With Broad Gains After Congress Passes Fiscal Cliff Bill

Source:  Maureen Farrell  / CNN Money

For at least the first day of trading, 2013 is proving to be a very good year.

Investors ushered in the New Year by piling into stocks Wednesday, cheering U.S. lawmakers’ ability to reach a last minute deal to avert the fiscal cliff.

The Dow Jones Industrial Average gained roughly 308 points, or 2.4%. All 30 Dow stocks showed solid gains.

The S&P 500 rose 2.5%, while the Nasdaq spiked 3.1%. The market finished the day near its highs. Both the S&P 500 and Nasdaq posted their largest percentage increases since late 2011.

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