Article posted: 11/19/2012 4:29 PM

US stocks rise on hopes for budget deal, Europe

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President Barack Obama acknowledges House Speaker John Boehner while speaking to reporters in the Roosevelt Room of the White House in Washington on Nov. 16. U.S. stocks shook off their post-election slump Monday and recorded big gains as investors appeared more optimistic about a deal to avoid a federal budget crisis and were encouraged by a pair of corporate earnings reports. (AP Photo/Carolyn Kaster)

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The stock market finally shook its post-election slump.Investors seized on hope that Washington will reach a deal on the federal budget and drove stocks to their biggest gain in two months. A pair of strong corporate earnings reports also helped.