Secret of sticking to your resolution. Good evening and a happy new year to you, as we begin with the giant new years surge in the stock market today. It was a kind of celebration, after Congress Finally took action to pass a deal on taxes, averting the fiscal cliff. The dow jumped 232 points at the opening bell and then kept soaring, gaining more than 308 points by closing time. And abcs Bianna Golodryga is here to tell us about American Retirement accounts and if this bounce is expected to last. Reporter good evening, diane. As one trader just told me moments ago, there was a huge sigh of relief on wall street today. Investors liking what they heard from washington overnight a lot. The dow jones up 300 points the largest gain the market has seen in over a year. If you combine todays 300plus jump with the additional 166 points from new years eve, the blue chips had their biggest point gains ever for the last day and first day of any year. We saw a relief rally, with the deal being don
Resolution. Good evening and a happy new year to you, as we begin with the giant new years surge in the stock market today. It was a kind of celebration, after Congress Finally took action to pass a deal on taxes, averting the fiscal cliff. The dow jumped 232 points at the opening bell and then kept soaring, gaining more than 308 points by closing time. And abcs Bianna Golodryga is here to tell us about American Retirement accounts and if this bounce is expected to last. Reporter good evening, diane. As one trader just told me moments ago, there was a huge sigh of relief on wall street today. Investors liking what they heard from washington overnight a lot. The dow jones up 300 points the largest gain the market has seen in over a year. If you combine todays 300plus jump with the additional 166 points from new years eve, the blue chips had their biggest point gains ever for the last day and first day of any year. We saw a relief rally, with the deal being done. Reporter all 30 dow jone
Blue chips had their biggest point gains ever for the last day and first day of any year. What we saw today was a relief rally, with the deal being done, the markets up, a sigh of relief. Reporter all 30 dow jones stocks were up and more than 90 of the s p 500. The markets were optimistic that the economy wouldnt fall into recession after congress agreed to a deal that prevented most tax increases and postponed painful Government Spending cuts for another two months. Big name stocks and technology companies, the engines that help fuel economic growth, did particularly well today. Removing uncertainty like the fiscal cliff, things like the debt ceiling, thats going to help bring things into a clearer focus and should ultimately help both the Economic Performance and the performance of everyones 401 k . Reporter thats a relief to 60 million americans who are invested in 401 k s. 2012 had already been a good year. If you were invested entirely in the s p 500, the average 401 k would have