Top congressional Democrats and Republicans said Friday they had a constructive meeting with President Barack Obama aimed at averting the fiscal cliff of tax hikes and spending cuts set to kick in at the beginning of the year.
U.S. stocks rallied as the meeting broke up and leaders emerged from the White House and made statements standing side by side. The Dow Jones Industrial Average DJIA +0.22% was lately up nearly 40 points and the S&P 500 gained 5 points.
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