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Dow surges 300 points after 'fiscal cliff' deal approved
Wednesday, January 2, 2013    
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The markets soared in the first trading session of the year as Wall Street traders breathed a collective sigh of relief

(FOX BUSINESS) - The Dow Jones Industrial Average soared 308.41 points, or 2.35 percent, to close at 13,412.55, led by last year's blue-chip laggard Hewlett-Packard.

There have only been five instances when the Dow had a triple-digit move on the first day of trading. And in an optimistic sign for investors, the blue-chip index then went on to finish with a gain of greater than 7 percent in each of those years.

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