SUMMARY
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Relief turns into vibrant optimism after a deal is struck to avert the US fiscal cliff. On Wednesday, US stock markets rallied: the Dow Jones Industrial Average jumped 308.41 points to 13412.55, its best-ever start to a year. Its 2.35% gain in percentage terms was the best opening since 2009. S&P 500 and Nasdaq Composite Index also gained. Global markets rose sharply after the US House of Representatives voted 257-167 to approve the Senate bill that pulled the US back from the fiscal cliff.
Read more on the Wall Street Journal
Read more on the Wall Street Journal
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