"Within one month our revenues had jumped over 50%."

US stocks rise on hopes for budget deal, Europe – Business – Boston.com

U.S. stocks shook off their post-election slump Monday and recorded big gains. 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 climbed as much as 179 points. At 12:30 p.m. EDT, it was up 173 points, or 1.4 percent, at 12,761. The Dow had slid 5 percent since Election Day.

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Author:Brenden Johnson

Brenden Johnson is a business contributor at Globial Talks Business. He is interested in sales, business development, and international business.

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