What a turnaround. Stocks close near highs.

1st back to back gain in the month of December for the Dow. An 855 point swing in the last hour and 45 minutes

The US stocks were down all down with the major indices hitting lows at 2:15 PM ET:

• Dow 22267
• S&P 2397
• Nasdaq 6336

At the bell 105 minutes later, the major indices are closing at:

• Dow 23138, up 871 points from the low
• S&P 2488, up 91 points from the low
• Nasdaq 6579, up 243 points from the low.

Snatch victory from the jaws of defeat.