NEW YORK Dec 31 U.S. stocks extended gains,
with the Nasdaq up 1 percent on Monday on news that the majority
of Senate Republicans are expected to support a tentative deal
on the "fiscal cliff."
The market also got a lift from news that President Barack
Obama will make a statement on the fiscal cliff at 1:30 p.m. EST
at an event with "middle-class Americans," the White House said.
The Dow Jones industrial average was up 82.99 points,
or 0.64 percent, at 13,021.10. The Standard & Poor's 500 Index
was up 12.66 points, or 0.90 percent, at 1,415.09. The
Nasdaq Composite Index was up 37.11 points, or 1.25
percent, at 2,997.43.