The US stock market finally shook its post-election slump last night.
Investors seized on hope that Washington will reach a deal on the federal budget and drove stocks to their biggest gain in two months. A pair of strong corporate earnings reports also helped.
The Dow Jones industrial average closed up 207 points, or 1.7%.
Since President Barack Obama and a divided Congress were returned to power ON November 6, the Dow had fallen six out of eight days and slid a total of 650 points.