‘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.

The Dow Jones...

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Oklahoma stocks

Wednesday’s broad stock market rally also benefited most of Oklahoma’s publicly traded companies. The state’s biggest gainer, Apco Oil and Gas International Inc., was up 20 percent and closed at $14.73 on the Nasdaq exchange. Meanwhile, Syntroleum Corp. rose almost 17 percent to close at 46 cents. Other stocks posting gains of more than 7 percent were Panhandle Oil and Gas Inc.; Southwest Bancorp Inc.; and GMX Resources Inc.

From staff reports

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