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‘Fiscal cliff’ deal sends markets shooting higher

By The Associated Press

This article was originally published January 2, 2013 at 8:54 a.m. Updated January 2, 2013 at 11:06 a.m.

— The “fiscal cliff” compromise sent the stock market shooting higher Wednesday, the first trading day of the new year.

All the major U.S. stock indexes swelled about 2 percent. For the Dow Jones industrial average, up about 200 points at 11 a.m., it was the biggest surge in six months.

Stocks around the world also leapt higher. The major indexes in Britain, France and Germany rose more than 2 percent, and Greece and Spain were up by more than 3 percent. Stocks in Asia also surged.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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