Just one day after the U.S. averted the fiscal cliff, the stock market surged. (Dannels/Flickr)

According to ABC News, the S&P 500 rose 1.9 percent (27 points) to 1,453, while the Dow Jones Industrial Average increased 1.9 percent to 13,347. The NASDAQ also saw a 2.4 percent jump to 3,092.

The deal's dividend tax rate increase is said to have influenced investor confidence, moving from 15 percent to 23.8 percent.

"In a low interest rate environment, the dividend yield and expectations of strong dividend growth should bring investors back to the equity market," U.S. equity strategist David Bianco said.

Additional growth in the equities market will depend on the budget agreements established in the next few months.

Read the full story at ABC News.

For more of Neon Tommy's coverage on the fiscal cliff click here.

Reach Executive Producer Amanda Martinez here.