US stocks reversed a three-day slide Friday after political leaders signaled a determination to compromise to avoid sending the economy over the fiscal cliff.
Stocks opened lower but took a jump upwards as the White House opened talks with congressional leaders on closing the deficit and averting the harsh tax hikes and spending cuts slated for January 1.
At the close the Dow Jones Industrial Average was up 45.93 points (0.37 percent) at 12,588.31.
The broad-market S&P 500 added 6.55 points (0.48 percent) at 1,359.88, while the tech-rich Nasdaq Composite shed 16.19 (0.57 percent) at 2,853.13.
