While you were sleeping Optimism reigns in shutdown

Tue, 01 Oct 2013

Oct 2 (BusinessDesk) – Stocks gained, while US Treasuries and gold fell, amid expectations that the US government's partial shutdown over lawmakers' failure to agree on a federal budget will be short-lived and the impact on the economy limited. In late afternoon trading in New York, the Dow Jones Industrial Average rose 0.40 percent, the Standard & Poor's 500 Index climbed 0.76 percent, and the Nasdaq Composite Index jumped 1.01 percent. “For the moment, the shutdown looks more like noise rather than something that makes a fundamental differ...

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