January 2, 2013
The Dow Jones Industrial Average (INDEX: ^DJI ) continued its recent march higher today, up 2.35% after Congress averted the fiscal cliff and settled on a compromise to raise taxes on top earnings but capped capital gains and dividend taxes at 20%.
The increased market sentiment sent both WTI and international Brent crude prices higher by 1.2% and 1.1%, respectively. While crude prices are sure to remain volatile, dividend-paying energy stocks could continue to rally after the increased sell-off over the past few months, when investors worried that dividends would be taxed at the same rate as income. Check out the video below for today's energy market movers and which companies could continue to roll throughout 2013.
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