Belfast Telegraph

Sunday 21 September 2014

Stocks rise as debt talks continue

The Dow Jones industrials rose 111 points to close at 15,237

The stock market has closed higher as talks continue in Washington over ending a budget impasse that has partially shut down the government and threatened the US with default.

The Dow Jones industrial average rose 111 points, or 0.7%, to close at 15,237. The Dow surged 323 points yesterday as investors hoped that signs of a compromise from House Republicans would defuse the stand-off.

The Standard & Poor's 500 index rose 10 points, or 0.6%, to 1,703. The Nasdaq composite rose 31 points, 0.8%, at 3,791.

The price of gold closed at a three-month low as investors ditched safe-play assets in light of the progress toward reaching a debt deal.

Three stocks rose for every one that fell on the New York Stock Exchange.

AP

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Comment

More

Company Profiles

More

Help & Advice

More

People on the move

More