December 18, 2012 / 4:25 PM / 5 years ago

US STOCKS SNAPSHOT - Wall St extends gains on "cliff" hope

NEW YORK, Dec 18 (Reuters) - U.S. stocks extended gains on Tuesday, with the Nasdaq up more than 1 percent, on hopes Washington was moving closer to a deal to avert the "fiscal cliff."

The Dow Jones industrial average gained 85.62 points, or 0.65 percent, to 13,321.01. The Standard & Poor's 500 Index rose 11.77 points, or 0.82 percent, to 1,442.13. The Nasdaq Composite Index added 30.29 points, or 1.01 percent, to 3,040.90.

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