MARKET PULSE-Biofuel, Las Vegas Sands, Skullcandy, Synergy
Jan 2 (Reuters) - Some U.S. stocks on the move on Wednesday:
WALL STREET JUMPS AT OPEN ON FISCAL DEAL
U.S. stocks soared on the first day of trading in 2013 after U.S. lawmakers agreed a deal to avoid massive tax hikes and spending cuts that had threatened to hurt economic growth. The Dow Jones industrial average was up 1.14 percent, the Standard & Poor's 500 Index up 1.34 percent, and the Nasdaq Composite Index up 2.47 percent. Wednesday marked the best day for the Nasdaq since June 30.
** BIOFUEL ENERGY CORP, $4.52, up 23 pct (1025 ET)
** CLEANTECH SOLUTIONS INTERNATIONAL INC, $4.30, up 8.3 pct (1026 ET)
As a part of the legislation to avoid the fiscal cliff, Congress extended a $1.01 a gallon credit for making biofuels from cellulose, found in woody plants, trees and grasses. Fuel produced from algae was made eligible for the credit as well. Continued...