26 Sep 2013
Wall Street closed higher after 5-day losing streak
FXstreet.com (San Francisco) - The US stocks market advanced on Thursday the first time after 5 negative days in a row. Investors digested a round of upbeat economic data but still focusing on Washington’s decision on debt ceiling.
Markets reverted the 5-day losing streak after Republicans left the door open for a positive outcome of the debt ceiling debate. Senior Republican Jeff Sessions said there will be no shutdown and government defaults. Later House's Speaker John Boehner commented that his party will try to pass a bill linking a rise in the debt ceiling with further cuts in Government spending.
The Dow Jones advanced 55.04 points or 0.36% to 15,328.30; the S&P 500 added 5.90 pts or 0.35% to 1,698.67; and the Nasdaq Composite rose by 26.33 pts or 0.70% to finish the day at 1,698.67.
Markets reverted the 5-day losing streak after Republicans left the door open for a positive outcome of the debt ceiling debate. Senior Republican Jeff Sessions said there will be no shutdown and government defaults. Later House's Speaker John Boehner commented that his party will try to pass a bill linking a rise in the debt ceiling with further cuts in Government spending.
The Dow Jones advanced 55.04 points or 0.36% to 15,328.30; the S&P 500 added 5.90 pts or 0.35% to 1,698.67; and the Nasdaq Composite rose by 26.33 pts or 0.70% to finish the day at 1,698.67.