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

Wed Jan 2, 2013 12:32pm 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 ST STARTS 2013 WITH A RALLY ON 'CLIFF' AGREEMENT

U.S. stocks soared on the first day of trading in 2013, after Washington lawmakers cut a last-minute deal to avoid automatic tax hikes that threatened to pinch economic growth. The Dow Jones industrial average was up 1.66 percent, the Standard & Poor's 500 Index up 1.65 percent, and the Nasdaq Composite Index up 2.17 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...