MARKET PULSE-Biofuel, Las Vegas Sands, Skullcandy, Synergy

Wed Jan 2, 2013 11:16am EST
 
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Jan 2 (Reuters) - Some U.S. stocks on the move on Wednesday:

(For more market insights, including options activity, click on ; for the day ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/faq23t)

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...