Wall Street rallies after 11th-hour budget deal


Stocks blasted higher on Wednesday, with the Dow Jones Industrial Average scoring its biggest first-session-of-the-year-point gain ever, as The Street welcomed an 11th-hour deal to avoid steep spending cuts and tax increases. The Dow rose 308.41 points, or 2.4%, to 13,412.55.

The RBR Radio Index was up 2.939, or .7%, to 438.599.

The TVBR Television Index was up 9.029, or 2.7%, to 345.392.

LIN TV, up 8.9%
Nexstar, up 7.4%
Sinclair, up 5.0%

ACME, down 14.3%
Radio One, down 1.0%
Cumulus, down .4%