Submitted by Fox First at Ten on November 19th
By The Associated Press
U.S. stocks shook off their post-election slump Monday, recording their biggest gain in more than two months. Investors appeared more optimistic about a deal to avoid a federal budget crisis and were encouraged by a pair of corporate earnings reports.
The Dow Jones industrial average closed up 207.65 points, or 1.7 percent, at 12,795.96.
The Standard & Poor's 500 index rose 27.01 points, or 2 percent, to 1,386.89.
The Nasdaq composite average gained 62.94, or 2.2 percent, to 2,916.07.
For the year:
The Dow is up 578.40 points, or 4.7 percent.
The S&P 500 is up 129.29 points, or 10.3 percent.
The Nasdaq is up 310.92 points, or 11.9 percent.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
