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Stocks start new year with a bang

Budget action cheers Wall Street, sends Dow up 308.41

Posted: January 3, 2013 at 1:14 a.m.

A trader works on the floor at the New York Stock Exchange in New York, Wednesday, Jan. 2, 2013. The fiscal cliff compromise, for all its chaos and controversy, was enough to send the stock market shooting higher Wednesday, the first trading day of the new year. (AP Photo/Seth Wenig)

The federal budget compromise, even with all its unresolved questions, was enough to ignite the stock market on Wednesday, the first trading day of the new year.

This story is only available from our archives.

Business, Pages 21 on 01/03/2013

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