Stocks Up on Fiscal Cliff Deal

Some uncertainty lifted?

Wall Street was set to kick off the year in rally mode after Congress passed legislation that dodges many of the effects of the fiscal cliff after marathon New Year's negotiations.

As of 8:12 a.m. ET, Dow Jones Industrial Average futures surged 192 points to 13219, S&P 500 futures soared 25.3 points to 1445 and Nasdaq 100 futures rallied 52.3 points to 2708.