Thursday, January 3, 2013

Congress speaks, tech investors party -- like it's 2013

And what a start for 2013 as Congress’ fiscal cliff resolution sends tech to big gains on the year’s first day of trading.

Wall Street’s first day of trading in 2013.

(Credit: Getty )

Well, it took long enough. 

But after finally clinching a (literally) last-minute deal to break a weeks-long deadlock over the so-called fiscal cliff, tech investors had a field day on the first day of trading for 2013.

The tech-heavy Nasdaq composite index closed up more than 3 percent on the day, led by the usual roster of big names with Google finishing at $723.25, up 2.24 percent and Apple gaining almost 3 percent to close at $548.07. Facebook, which for much of the spring and summer had been a neglected stock, continued its recent climb, finishing up more than 5 percent to close the day at $28.

Of course, the Nasdaq’s gains reflected the 309-point increase in the stock market, which marked the Dow Jones’ biggest opening-day point jump ever. One notable wall flower was


Congress speaks, tech investors party -- like it's 2013

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