Sunday 9:51pm
November 23, 2014
Currently 51°F
Posted: Monday, October 14th 2013 at 4:06pm

Stocks turn high on hopes for debt talks; Dow closes up 64

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
NEW YORK (AP) -- Stocks are ending higher following signs that Washington was moving closer to an agreement to avoid a debt default and re-open the federal government.

The stock market started lower Monday after negotiations between the White House and Congressional Republicans appeared to break down over the weekend.

Stocks erased those losses in early afternoon trading after Senate leaders said they were making progress toward a deal.

The Dow Jones industrial average rose 64 points, or 0.4 percent, to close at 15,301. The index was down as much as 100 points earlier.

The Standard & Poor's 500 rose seven points, or 0.4 percent, to 1,710. The Nasdaq composite rose 23 points, or 0.6 percent, to 3,815.

Bond trading was closed for Columbus Day.
© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.038878
icon
51°F
Gainesville, GA 30501
Overcast
Wind: SSE 5 mph
Dew point: 51°F