20 S&P 500 posts best two-day run in a month - IBTimes UK

S&P 500 posts best two-day run in a month

December 18, 2012 9:21 PM GMT

Stocks rallied on Tuesday, capping off the S&P 500's best two-day run in a month, on confidence that a deal would be struck in Washington to avoid painful spending cuts and tax hikes that could hurt the economy.

The Dow Jones industrial average <.DJI> was up 115.57 points, or 0.87 percent, to end unofficially at 13,350.96. The Standard & Poor's 500 Index <.SPX> was up 16.43 points, or 1.15 percent, to finish unofficially at 1,446.79. The Nasdaq Composite Index <.IXIC> was up 43.93 points, or 1.46 percent, to close unofficially at 3,054.53.

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(Reporting by Angela Moon; Editing by Jan Paschal)

Copyright 2012 Thomson Reuters. All rights reserved.

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