Stocks close higher, led by banks and other financial companies, on "fiscal cliff" optimism

  • by: STEVE ROTHWELL , Associated Press
  • Updated: December 5, 2012 - 3:33 PM

NEW YORK - Stocks closed higher Wednesday, their first gain of the week, as bank shares rose and comments by President Barack Obama made investors optimistic that a quick deal could be made to avoid the "fiscal cliff."

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