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Wall St rises on Budget deal hopes

Monday, November 19 15:27:32

U.S. stock opened higher today, with the S and P 500 rising 1 percent, as signs of progress in talks to resolve the fiscal crunch heartened investors at the start of a holiday-shortened week.

The Dow Jones industrial average gained 100.14 points, or 0.80 percent, to 12,688.45. The Standard and Poor's 500 Index rose 13.76 points, or 1.01 percent, to 1,373.64. The Nasdaq Composite Index climbed 33.70 points, or 1.18 percent, to 2,886.83.