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

Wed Jan 2, 2013 1:22pm 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 EXTENDS GAINS ON 'CLIFF' DEAL

U.S. stocks jumped on the year's first day of trading, after Washington lawmakers cut a last-minute deal to avert automatic tax hikes that threatened to stunt economic growth. The Dow Jones industrial average was up 1.71 percent, the Standard & Poor's 500 Index up 1.73 percent and the Nasdaq Composite Index up 2.21 percent.

** 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...