U.S MARKET UPDATE
US stocks closed out 2012 with their strongest day in more than a
month, putting the S&P 500 up 13.4 percent for the year, as
lawmakers in Washington closed in on a resolution to the “fiscal cliff”
negotiations.
The Dow Jones industrial average gained 166.03 points,
or 1.28 percent, to end at 13,104.14. The Standard & Poor-s 500
Index gained 23.76 points, or 1.69 percent, to finish at
1,426.19.The Nasdaq Composite Index gained 59.20 points, or 2.00
percent, to close at 3,019.51.
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