Stocks are set to rally this morning and Treasuries are selling off on news that a fiscal cliff deal was reached last night. This has led to speculation in the market that economic expansion will continue.
What’s Up on Wall Street?
The Dow Jones Industrial Average increased 259.14 points (1.98%) while the Nasdaq went up 75.06 points (2.49%). Also, the S&P 500 rose 28.96 points (2.03%).