Stocks Surge After Budget Deal - 8 News NOW

Stocks Surge After Budget Deal

Posted: Updated:

NEW YORK (AP) -- Stocks are opening sharply higher on Wall Street after lawmakers averted sweeping cuts in government spending and with a last-minute budget deal.

The Dow Jones industrial average jumped 232 points to 13,336 shortly after the opening bell Tuesday, the first trading day of 2013. That's a gain of 1.8 percent.

The Standard & Poor's 500 index shot up 29 points, or 2 percent, to 1,455. The Nasdaq composite rose 82 points, or 2.7 percent, to 3,102.

Investors have been keeping a close eye on the budget stalemate in Washington and were relieved that a deal was reached. However the late-night budget agreement leaves many issues unresolved and it remained unclear how long the market rally would last. Next up is a fight over the government's borrowing limit.

  • Las Vegas NewsLas Vegas NewsMore>>

  • BREAKING NEWS: North Las Vegas Police investigate double shooting

    BREAKING NEWS: North Las Vegas Police investigate double shooting

    Saturday, April 19 2014 12:20 AM EDT2014-04-19 04:20:41 GMT
    North Las Vegas, NV. --North Las Vegas police are investigating a double shooting Friday night shortly before 8 p.m.Investigators said two men were shot at a home on Arbor Crest Street, near East Tropical Parkway and Donna Street.A 60-year-old man was taken to UMC Trauma with his condition unknown at this time. The second victim, a 37-year-old man, sustained non-life threatening injuries and treated on scene.Police are investigating the shooting as a domestic violence incident.More>>
    North Las Vegas, NV. --North Las Vegas police are investigating a double shooting Friday night shortly before 8 p.m.Investigators said two men were shot at a home on Arbor Crest Street, near East Tropical Parkway and Donna Street.A 60-year-old man was taken to UMC Trauma with his condition unknown at this time. The second victim, a 37-year-old man, sustained non-life threatening injuries and treated on scene.Police are investigating the shooting as a domestic violence incident.More>>
  • BREAKING NEWS: UMC lays off 100 employees

    BREAKING NEWS: UMC lays off 100 employees

    Friday, April 18 2014 9:52 PM EDT2014-04-19 01:52:41 GMT
    University Medical Center laid off more than 100 employees Friday and announced it will close four care centers.More>>
    University Medical Center laid off more than 100 employees Friday and announced it will close four care centers.More>>
  • Police investigate double stabbing

    Police investigate double stabbing

    Friday, April 18 2014 9:17 PM EDT2014-04-19 01:17:18 GMT
    Two people suffering stab wounds were rushed to the hospital Friday afternoon, Metro Police said.More>>
    Two people suffering stab wounds were rushed to the hospital Friday afternoon, Metro Police said.More>>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.