Nasdaq up 1 pct on "cliff" talks hope

NEW YORK Mon Dec 17, 2012 10:56pm IST

Traders work on the floor of the New York Stock Exchange, December 14, 2012. REUTERS/Brendan McDermid

Traders work on the floor of the New York Stock Exchange, December 14, 2012.

Credit: Reuters/Brendan McDermid

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NEW YORK (Reuters) - U.S. stocks rose in light volume on Monday, with the Nasdaq composite index briefly up 1 percent, after the first signs of movement in the "fiscal cliff" negotiations bolstered sentiment.

The Dow Jones industrial average rose 75.98 points, or 0.58 percent, to 13,210.99. The S&P 500 Index gained 11.96 points, or 0.85 percent, to 1,425.54. The Nasdaq Composite Index added 26.71 points, or 0.90 percent, to 2,998.05.

(Editing by Kenneth Barry)

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