Stocks Surge After Last-Minute Budget Deal Reached

3 years 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
COLUMBIA - Boone Hospital Nifong Medical Plaza opened its doors for the first time Monday in south Columbia. The... More >>
2 days ago February 05, 2016 Feb 5, 2016 Friday, February 05 2016 Friday, February 05, 2016 6:31:07 PM CST in Continuous News
ST. LOUIS (AP) — Federal agents in St. Louis say security cameras helped lead to the arrest of a serial... More >>
57 minutes ago February 08, 2016 Feb 8, 2016 Monday, February 08 2016 Monday, February 08, 2016 7:23:36 AM CST in Continuous News
SPRINGFIELD (AP) — Authorities are investigating a fatal shooting in southwest Missouri. Police said in a news release... More >>
1 hour ago February 08, 2016 Feb 8, 2016 Monday, February 08 2016 Monday, February 08, 2016 7:18:42 AM CST in Continuous News
KIRKWOOD (AP) — A Rock Hill police officer has been taken to a hospital after being struck by a vehicle.... More >>
1 hour ago February 08, 2016 Feb 8, 2016 Monday, February 08 2016 Monday, February 08, 2016 7:15:55 AM CST in Continuous News
KANSAS CITY (AP) — A 29-year-old man accused in the January shooting death of another man in Kansas City has... More >>
3 hours ago February 08, 2016 Feb 8, 2016 Monday, February 08 2016 Monday, February 08, 2016 5:20:17 AM CST in Continuous News
FULTON - The Callaway County Sheriff's Office arrested a man early Sunday morning after actively seeking him for two warrants... More >>
12 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 7:25:50 PM CST in Continuous News
JEFFERSON CITY - Ranked 47th in the nation by Business Insider, Missouri’s seemingly stagnant economy has been a talking point... More >>
13 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 7:16:13 PM CST in Continuous News
KIRKWOOD, Mo. (AP) — A St. Louis area police officer has been hospitalized after being hit by a car. ... More >>
14 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 5:41:49 PM CST in Continuous News
COLUMBIA - Grocery stores see an increase in customers during Super Bowl weekend. The National Retail Federation reports total customer... More >>
15 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 4:51:48 PM CST in Continuous News
RAYTOWN, Mo. (AP) — An early morning fire in a Kansas City area apartment has killed a child and injured... More >>
17 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 3:01:02 PM CST in Continuous News
ST. LOUIS (AP) — The new leader of the Missouri State NAACP says he plans to build a younger, more... More >>
17 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 2:47:03 PM CST in Continuous News
JEFFERSON CITY (AP) — A Jefferson City man has b een placed on unsupervised probation after he pleaded guilty to... More >>
18 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 1:37:31 PM CST in Continuous News
ST. LOUIS (AP) — A second-floor porch in St. Louis collapsed, injuring five people, two seriously. Fire Department Capt.... More >>
18 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 1:31:14 PM CST in Continuous News
JEFFERSON CITY (AP) — Missouri state Rep. Genise Montecillo is talking about her suicide attempt in hopes of helping others... More >>
18 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 1:22:48 PM CST in Continuous News
COLUMBIA - Some Columbia pizza companies deliver hundreds of pizza on Superbowl Sunday with as few as three drivers. ... More >>
19 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 1:07:46 PM CST in Continuous News
COLUMBIA - Columbia police arrested two men Sunday for stealing from West Middle School. Officers along with a CPD... More >>
20 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 12:00:28 PM CST in Continuous News
COLUMBIA - Columbia police confirmed reports of shots fired in north Columbia early Sunday morning. Officers were dispatched to... More >>
20 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 11:35:02 AM CST in Continuous News
COLUMBIA - The third annual Black Men Rock event at Columbia College honored leaders in the black community Saturday afternoon.... More >>
1 day ago February 06, 2016 Feb 6, 2016 Saturday, February 06 2016 Saturday, February 06, 2016 6:54:12 PM CST in Continuous News
Interactive Radar Columbia, MO
Broken Clouds 27°
9am 27°
10am 28°
11am 28°
12pm 27°
Select a station to view its upcoming show schedule: KOMU 8 CW Mid-Missouri's CW

Coming Up Next

7:00 amToday
11:00 amRachael Ray
12:00 pmKOMU 8 News @ Noon

Tonight's Schedule

7:00 pmSuperstore
7:30 pmTelenovela
8:00 pmThe Biggest Loser

Coming Up Next

8:00 amThe Steve Wilkos Show
9:00 amThe Steve Wilkos Show
10:00 amCrazy Talk

Tonight's Schedule

7:00 pmCrazy Ex-Girlfriend
8:00 pmJane the Virgin
9:00 pmKOMU 8 News @ Nine on The CW
9:30 pmSeinfeld