Stock market responds positively to "fiscal cliff" resolution

01/2/2013 | CNNMoney

The stock market rallied on news that Congress and the White House reached a resolution on the "fiscal cliff." The Dow Jones industrial average rose 2.4%, the S&P 500 increased 2.5%, and Nasdaq gained 3.1%. The rally ignored that spending cuts had been pushed off to March and another standoff, this time over the debt ceiling, is expected within weeks.

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