NEW YORK (AP) Stocks are ending higher following signs that Washington was moving closer to an agreement to avoid a debt default and re-open the federal government.
The stock market started lower Monday after negotiations between the White House and Congressional Republicans appeared to break down over the weekend.
Stocks erased those losses in early afternoon trading after Senate leaders said they were making progress toward a deal.
The Dow Jones industrial average rose 64 points, or 0.4 percent, to close at 15,301. The index was down as much as 100 points earlier.
The Standard & Poor's 500 rose seven points, or 0.4 percent, to 1,710. The Nasdaq composite rose 23 points, or 0.6 percent, to 3,815.
Bond trading was closed for Columbus Day.
Trading volume was very light at 2.6 billion shares.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.