U.S. markets surge after Congress strikes "fiscal cliff" deal

The Dow Jones industrial average, the Nasdaq and the Standard & Poor's 500-stock index rose more than 2% each Wednesday after lawmakers struck a compromise to avert the "fiscal cliff." However, many investors continued to strike a cautious tone, saying that the deal merely delays the nation's budget issues. SIFMA will host a members-only call on the fiscal cliff tomorrow at 9 a.m. EST. Get the details below in the SIFMA News section of today's edition.

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