US STOCKS SNAPSHOT-Wall Street climbs at open on 'cliff' deal hope

NEW YORK Thu Nov 29, 2012 2:33pm GMT

NEW YORK Nov 29 (Reuters) - U.S. stocks rose at the open on Thursday, following a rally in the prior session, on expectations of progress toward a fiscal agreement in Washington that would prevent a possible recession.

The Dow Jones industrial average gained 35.40 points, or 0.27 percent, to 13,020.51. The Standard & Poor's 500 Index added 5.33 points, or 0.38 percent, to 1,415.26. The Nasdaq Composite Index rose 16.14 points, or 0.54 percent, to 3,007.91.

Photo

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.