Loading…
Saturday, April 19, 2014
Current Weather
Loading Current Weather....
Published: 10/16/2013

Stocks surge after Senate reaches deal on U.S. debt

ASSOCIATED PRESS
Major indexes climbed more than 1 percent after Senate deal on U.S. shutdown and debt crisis. Major indexes climbed more than 1 percent after Senate deal on U.S. shutdown and debt crisis.
ASSOCIATED PRESS Enlarge

NEW YORK — Stocks surged on Wall Street today after Senate leaders reached a deal that would avoid a U.S. default and reopen the government after 16 days of being partially shut down.

The Dow Jones industrial average jumped 205 points, or 1.4 percent, to close at 15,373.

The Standard & Poor’s 500 index rose 23 points, or 1.4 percent, to 1,721 points. The S&P 500 is just four points below the all-time high it reached on Sept. 18.

The Nasdaq composite rose 45 points, or 1.2 percent, to 3,839.

Yields on Treasury bills fell sharply as investors became less nervous about a potential default by the government.

The gains were broad. Four stocks rose for every one that fell on the New York Stock Exchange. Trading volume was heavier than usual.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories