US STOCKS SNAPSHOT - Wall St extends gains on McConnell comments
NEW YORK Dec 31 (Reuters) - U.S. stocks extended gains, with the Nasdaq rising 2 percent and the Dow climbing more than 1 percent in the afternoon, after comments from President Barack Obama and Senate Republican leader Mitch McConnell indicated a "fiscal cliff" deal was close.
The Dow Jones industrial average gained 152.05 points, or 1.18 percent, to 13,090.16. The Standard & Poor's 500 Index rose 21.78 points, or 1.55 percent, to 1,424.21. The Nasdaq Composite Index climbed 60.04 points, or 2.03 percent, to 3,020.35.
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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.