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Stocks start 2013 with broad gains

From money.cnn.com

Investors cheered the late-night deal reached by the House that keeps the Bush tax cuts in place for most Americans, but raises the tax rate on individuals earning more than $400,000 and married couples earning over $450,000. "What's been hanging over the markets for the last couple of months has finally been released," said Sean Kelly, a managing director at Knight Capital Group. "The rally today is 100% about the end of the fiscal cliff, and people are buying with both hands." The Dow Jones Industrial Average gained roughly 308 points, or 2.4%. All 30 Dow stocks showed solid gains. The S&P 500 rose 2.5%, while the ... (full story)

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