US STOCKS SNAPSHOT-Wall St rallies on budget talk bets

NEW YORK Mon Nov 19, 2012 9:05pm GMT

NEW YORK Nov 19 (Reuters) - U.S. stocks advanced for a second day on Monday as investors were encouraged by the early atmosphere surrounding talks to tackle the U.S. "fiscal cliff."

The Dow Jones industrial average rose 207.58 points, or 1.65 percent, at 12,795.89. The Standard & Poor's 500 Index was up 27.00 points, or 1.99 percent, at 1,386.88. The Nasdaq Composite Index was up 62.94 points, or 2.21 percent, at 2,916.07.

The S&P 500 closed above its 200-day moving average for the first time since Nov. 7.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.