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Stocks post gains in the new year

NEW YORK — The late night by the House of Representatives to extend certain tax cuts turned into good news for Wall Street when the markets opened on Tuesday morning.

U.S. stocks jumped more than 230 points to start the new year.

The Dow went up 1.7 percent. Also up were the S and P with a two percent gain. The NASDAQ was up 2.6 percent.

The boost also helped overseas markets.

Several major companies' shares also increase in shares.

Apple, Bank of America and U.S. Steele all saw their stock prices go up.

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