Stocks Surge After Last-Minute Budget Deal Reached

3 years 7 months 3 weeks ago January 02, 2013 Jan 2, 2013 Wednesday, January 02 2013 Wednesday, January 02, 2013 7:59:30 AM CST in News
Source: Associated Press
By: Associated Press

NEW YORK (AP) - Stocks are opening sharply higher on Wall Street after lawmakers averted sweeping cuts in government spending and with a last-minute budget deal.

The Dow Jones industrial average jumped 232 points to 13,336 shortly after the opening bell Tuesday, the first trading day of 2013. That's a gain of 1.8 percent.

The Standard & Poor's 500 index shot up 29 points, or 2 percent, to 1,455. The Nasdaq composite rose 82 points, or 2.7 percent, to 3,102.

Investors have been keeping a close eye on the budget stalemate in Washington and were relieved that a deal was reached. However the late-night budget agreement leaves many issues unresolved and it remained unclear how long the market rally would last. Next up is a fight over the government's borrowing limit.

 

More News

Grid
List
SUNRISE BEACH (AP) — The Missouri State Highway Patrol said two men from Louisiana are missing and presumed drowned after... More >>
9 minutes ago August 27, 2016 Aug 27, 2016 Saturday, August 27 2016 Saturday, August 27, 2016 11:41:00 AM CDT in News
COLUMBIA — Columbia residents had a colorful start to their Saturday. The Color Run Tropicolor was held in Cosmo Park... More >>
1 hour ago August 27, 2016 Aug 27, 2016 Saturday, August 27 2016 Saturday, August 27, 2016 10:43:00 AM CDT in Top Stories
CALLAWAY COUNTY - The Callaway County Sheriff's Office arrested a man accused of unlawful use of a weapon, unlawful possession... More >>
1 hour ago August 27, 2016 Aug 27, 2016 Saturday, August 27 2016 Saturday, August 27, 2016 10:27:00 AM CDT in News
COLUMBIA- Tick season doesn't end with the summer holidays. According to a Columbia veterinarian, Dr. Rebecca Markenson, tick season typically... More >>
5 hours ago August 27, 2016 Aug 27, 2016 Saturday, August 27 2016 Saturday, August 27, 2016 6:20:00 AM CDT in News
JEFFERSON CITY- Starting Sunday, a new bill approved by the state Legistlature in May and signed by Gov. Jay Nixon... More >>
5 hours ago August 27, 2016 Aug 27, 2016 Saturday, August 27 2016 Saturday, August 27, 2016 6:10:00 AM CDT in News
LAKE OF THE OZARKS - The Highway Patrol has released the names of the two men involved in a powerboat... More >>
12 hours ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 10:57:00 PM CDT in News
KANSAS CITY, Mo. (AP) — One of several protesters charged after disruptions at a Kansas City rally for Republican presidential... More >>
16 hours ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 7:29:49 PM CDT in News
COLUMBIA – iPhone and iPad users beware: Apple has announced a new security update after finding out hackers have taken... More >>
17 hours ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 6:24:00 PM CDT in News
COLUMBIA - Thousands of people will come together Saturday at the annual Mid-Missouri PrideFest, but this year's celebration will be... More >>
18 hours ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 5:21:00 PM CDT in News
ST. LOUIS (AP) — The Special Administrative Board has unanimously approved up to $1 million to eliminate lead contamination after... More >>
18 hours ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 5:01:00 PM CDT in News
COLUMBIA - A recently released national report shows some Columbia entrepreneurs are having a lot of success. Inc. Magazine,... More >>
19 hours ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 3:57:00 PM CDT in News
COLUMBIA - Researchers at MU Sinclair School of Nursing and College of Engineering have come up with a way to... More >>
19 hours ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 3:52:00 PM CDT in News
COLUMBIA - Columbia Public Schools Board of Education agreed Thursday on a 57-cent property tax increase, following voter approval earlier... More >>
20 hours ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 3:31:00 PM CDT in News
COLUMBIA - Green BEAN Delivery, which is the largest online natural and organic grocery delivery service in the Midwest, donated... More >>
20 hours ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 3:15:00 PM CDT in News
ST. LOUIS (AP) — A St. Louis man is dead after allegedly punching a man in a wheelchair — only... More >>
22 hours ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 1:31:11 PM CDT in News
PLATTE CITY, Mo. (AP) — A Kansas City man was sentenced to 12 years in prison for scalding a 2-year-old... More >>
22 hours ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 1:21:20 PM CDT in News
SPRINGFIELD, Mo. (AP) — A recently retired Springfield teacher has been charged with child molestation. The Springfield News-Leader reported... More >>
1 day ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 10:36:51 AM CDT in News
HAZELWOOD, Mo. (AP) — The Missouri State Highway Patrol was investigating a crash that left a suburban St. Louis police... More >>
1 day ago August 26, 2016 Aug 26, 2016 Friday, August 26 2016 Friday, August 26, 2016 9:04:50 AM CDT in News
Columbia, MO
Broken Clouds 81°
12pm 84°
1pm 86°
2pm 86°
3pm 87°

Select a station to view its upcoming schedule:

Coming Up Next

11:30a
English Premier League Soccer
1:30p
Premier League Goal Zone
2:00p
Beach Volleyball
11:30a
Hatched
12:00p
Are We There Yet?
12:30p
Are We There Yet?

Tonight's Schedule

7:00p
America's Got Talent
8:00p
Aquarius
9:00p
Aquarius
7:00p
Family Guy
7:30p
Family Guy
8:00p
Bob's Burgers
8:30p
Bob's Burgers
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld