Share “Stocks surge as Washington moves to end...”

Stocks surge as Washington moves to end impasse

Published on NewsOK Modified: October 10, 2013 at 3:13 pm •  Published: October 10, 2013

NEW YORK (AP) — The stock market is closing sharply higher as Washington moves closer to avoiding a default on the U.S. government's debt.

The market had its best day since January 2.

The Standard & Poor's 500 index rose 36 points to close at 1,692 Thursday. The Dow Jones industrial average jumped 323 points to end at 15,126. The Nasdaq composite rose 82 points to 3,760.

House Republicans said they would advance legislation to temporarily extend the government's borrowing authority so it can continue to pay its bills on time. The prospect of an unprecedented default on the U.S. government's debt and a partial shutdown of the government have been dragging the stock market lower for three weeks.


  1. 1
    Tulsa man gets life without parole for igniting fire that resulted in 5-year-old's death
  2. 2
    Police seek shooters after driver injured by gunshots crashes car in north Tulsa neighborhood
  3. 3
    Real ID poses potential real problems for those with Oklahoma driver's licenses
  4. 4
    Charged Owasso police officer surrenders, appears in Nowata County District Court
  5. 5
    Hillary Clinton just laid out a sweeping gun-control plan
+ show more


× Trending business Article