Lawmakers reach deal on fiscal cliff; Stocks soar

Posted 5:40 PM, January 2, 2013, by WGN Web Desk and Amy Rutledge

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The stock market soared today following the last-minute budget compromise in congress over the fiscal cliff.
The Dow Jones gained more than2%, it’s biggest one day jump in over a year.
The NASDAQ gained just over 3%.
However, Illinois wage earners will still see a cut in their paychecks because of a state income tax increase.