Stocks snapped back from recent losses in impressive fashion Monday, ending the year sharply higher on signs that the fiscal cliff would be averted. The Nasdaq jumped 2%, closing back above its 50-day and 200-day moving averages, as well as the psychological 3000 level. A 4% jump in Apple (AAPL) helped the tech-laden index lead. Apple makes up about 9% of the Nasdaq. The S&P 500 rallied 1.7% and ended back above its 50-day moving average.