US STOCKS SNAPSHOT-Wall Street jumps at open on fiscal deal

NEW YORK Wed Jan 2, 2013 2:34pm GMT

NEW YORK Jan 2 (Reuters) - U.S. stocks soared on the first day of trading in 2013 after U.S. lawmakers agreed a deal to avoid massive tax hikes and spending cuts that had threatened to hurt economic growth.

The Dow Jones industrial average surged 149.41 points, or 1.14 percent, at 13,253.55. The Standard & Poor's 500 Index was up 19.17 points, or 1.34 percent, at 1,445.36. The Nasdaq Composite Index was up 74.47 points, or 2.47 percent, at 3,093.98.

Wednesday marked the best day for the Nasdaq since June 30.


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.