Dow soars 300 points on shutdown and oil deals

CNN - 02-12


New York (CNN Business)Wall Street on Tuesday cheered a reversal of two trends that had been weighing on investors: US politics and oil. The Dow jumped more than 300 points Tuesday after politicians in the United States tentatively agreed on a plan to avert another government shutdown. Stocks also got a boost after Saudi Arabia decided to cut oil production. The Nasdaq was up 1.4% and the broader S&P 500 was up 1.3%.