U.S STOCKS RISE DUE TO POSSIBLE DEAL TO RAISE DEBT CEILING
October 10, 2013
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.