Mark Lasseigne fills you in on what's happening on Wall Street.

-Wall Street again surged as hopes rise for a major budget deal in Washington, and for Europe. 
 
-The Dow Jones Industrial Average added 152 points to 12,724.
 
-In U.S. economic data, the Federal Reserve Bank of Philadelphia reported a small gain for mid-Atlantic manufacturing activity.
 
-A weak reading on U.S. employment had little effect on the market, even as new claims for unemployment benefits unexpectedly rose last week to 418,000.
 
-Investors also faced a full docket of corporate news, highlighted by mergers and several earnings reports.
 
-Crude-oil settled higher at $99.13/ barrel. Gold closed at $1,587/ounce.