Wednesday, January 02, 2013 5:20 pm
News Summary: The market throws a New Year's party
By The Associated Press
HAPPY NEW YEAR: The Dow jumped 308.41 points. That was its biggest point gain on the first trading day of a new year in history, beating the jump of 265.88 points on Jan. 2, 2003, according to S&P Dow Jones Indices.
REVVING THE ENGINE: Zipcar's stock soared nearly 48 percent, up $3.94 to $12.18, after announcing it would sell itself to rental car company Avis.