January 02, 2013 at 10:45 AM EST
2013 Opens To Two-Fisted Rally; Hewlett Packard Rebounds 5%
Stocks sparked from the starting gate Wednesday, despite some disappointing data, as a federal budget deal launched 2013 with a two-fisted rally. The Nasdaq rumbled ahead 2.6%. The S&P 500 rattled off a 2.1% gain, and the Dow Jones industrial average edged up 2%. Volume roared, up 135% on the Nasdaq and more than 100% higher on the NYSE, compared to Monday's trading levels. The Institute for Supply Management's manufacturing index rose to 50.7 for
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