Stocks leap higher on ‘fiscal cliff’ hopes

Stocks staged a rally Monday afternoon on signs a deal in the “fiscal cliff” was near, with the Dow Jones industrial average closing up 166 points, or 1.3%.

Jumping higher were the Nasdaq composite, up 60 points or 2% and the S&P 500, gaining 24 points or 1.7%.

via Stocks leap higher on ‘fiscal cliff’ hopes.