U.S STOCKS RISE DUE TO POSSIBLE DEAL TO RAISE DEBT CEILING

Best day of 2013 for Dow on possible debt deal

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Today – Thursday October 10th, 2013

  • U.S. stocks jumped today due to Republicans and Democrats agreeing on a possible deal to raise the debt ceiling temporary. House Republican leaders acted to break a logjam in negotiations by proposing a bill to raise the federal government’s debt limit without attachments.
  • Data showed the number of Americans filing new claims for jobless aid touched a six-month high last week, but stocks still rallied due to possible deal in Congress.
  • The Dow Jones industrial average rose 323.09 points or 2.18 percent, to 15,126.07, the S&P 500 gained 36.16 points or 2.18 percent, to 1,692.56 and the Nasdaq Composite added 82.971 points or 2.26 percent, to 3,760.747.

 

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Categories: Capital Markets

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