US STOCKS SNAPSHOT-Wall St ends higher on 'fiscal cliff' hope

NEW YORK Wed Nov 28, 2012 9:06pm GMT

NEW YORK Nov 28 (Reuters) - U.S. stocks rose in volatile trade on Wednesday after comments from the top Republican in Congress on a possible compromise to avoid the "fiscal cliff" gave investors some reason to hope and turned the market around.

The Dow Jones industrial average gained 106.90 points, or 0.83 percent, to end unofficially at 12,985.03. The Standard & Poor's 500 Index rose 10.99 points, or 0.79 percent, to finish unofficially at 1,409.93. The Nasdaq Composite Index advanced 23.99 points, or 0.81 percent, to close unofficially at 2,991.78.

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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.