‘Fiscal cliff’ compromise is welcomed by investors worldwide

The Dow Jones industrial average careened more than 300 points higher, its biggest gain since December 2011. It’s now just 5 percent below its record high close reached in October 2007.

 
By CHRISTINA REXRODE | Published: January 3, 2013   

NEW YORK — The “fiscal cliff” compromise, even with all its chaos, controversy and unresolved questions, was enough to ignite the stock market on Wednesday, the first trading day of the new year.

photo - A trader works on the floor at the New York Stock Exchange on Wednesday in New York. AP Photo
A trader works on the floor at the New York Stock Exchange on Wednesday in New York. AP Photo

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The Dow Jones industrial average careened more than 300 points higher, its biggest gain since December 2011. It’s now just 5 percent below its record high close reached in October 2007. The...
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