How the Dow Jones industrial average fared

AP News
Posted: Jan 02, 2013 5:07 PM

The stock market zoomed higher on Wednesday, the first trading day of the year. Investors were relieved that Republicans and Democrats hammered out a last-minute budget deal, though the compromise leaves many issues unresolved.

The Dow Jones industrial average jumped 308.41, or 2.4 percent, to 13,412.55.

The Standard & Poor's 500 index rose 36.23, or 2.5 percent, to 1,462.42.

The Nasdaq composite index shot up 92.75, or 3.1 percent, to 3,112.26.

For the week:

The Dow is up 474.44, or 3.7 percent.

The S&P 500 is up 59.99, or 4.3 percent.

The Nasdaq composite is up 151.95, or 5.1 percent.