Wall Street extends gains, Dow up 2 percent

January 2, 2013 3:21 PM GMT

Stocks extended their gains on Wednesday, with the Dow up 2 percent, after lawmakers agreed a deal to avoid massive tax hikes and spending cuts that had threatened to hurt economic growth.

The Dow Jones industrial average <.DJI> was up 262.45 points, or 2.00 percent, at 13,366.59. The Standard & Poor's 500 Index <.SPX> was up 29.79 points, or 2.09 percent, at 1,455.98. The Nasdaq Composite Index <.IXIC> was up 77.45 points, or 2.57 percent, at 3,096.97.

(Reporting by Ryan Vlastelica; Editing by Bernadette Baum)

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