Stocks Gain Ground as Congressional Rhetoric Toned Down
Tweet
Share
E-mail
Stocks moved higher mid-day as comments from Speaker of the House John Boehner on a debt deal were viewed more positively than earlier rhetoric suggested. Boehner said the U.S. should not get close to a default and he is trying to find a way to move forward 'today'.
While both chambers will be coming up with their own bill, there is already agreement on the timeframe for reopening the federal government and extending the debt ceiling. The expected House bill, however, will add language to eliminate health care benefits for congressional staff and lawmakers and includes a two-year medical device tax repeal.
After trading down over 85 points earlier, the Dow is now down just 8 points. The Nasdaq is up 7 and the S&P 500 is up 1.
While both chambers will be coming up with their own bill, there is already agreement on the timeframe for reopening the federal government and extending the debt ceiling. The expected House bill, however, will add language to eliminate health care benefits for congressional staff and lawmakers and includes a two-year medical device tax repeal.
After trading down over 85 points earlier, the Dow is now down just 8 points. The Nasdaq is up 7 and the S&P 500 is up 1.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- S&P 500 notches record-high close as rate-hike worries ease
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
- Nyc Pied-a-terre Tax Can Proceed For Now, Appeals Court Says - Bloomberg
Create E-mail Alert Related Categories
General News, Market CheckRelated Entities
Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
