US STOCKS SNAPSHOT - Wall St extends gains on McConnell comments

NEW YORK Mon Dec 31, 2012 3:06pm EST

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NEW YORK Dec 31 (Reuters) - U.S. stocks extended gains, with the Nasdaq rising 2 percent and the Dow climbing more than 1 percent in the afternoon, after comments from President Barack Obama and Senate Republican leader Mitch McConnell indicated a "fiscal cliff" deal was close.

The Dow Jones industrial average gained 152.05 points, or 1.18 percent, to 13,090.16. The Standard & Poor's 500 Index rose 21.78 points, or 1.55 percent, to 1,424.21. The Nasdaq Composite Index climbed 60.04 points, or 2.03 percent, to 3,020.35.

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