Categories: Market

Stock Market: US stocks gains as US debt dispute converges

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U.S. stocks benefited from confidence in an agreement in a dispute over the debt ceiling on Friday. (icon image)

According to a report in the New York Times, negotiators from Democrats and Republicans seem close to an agreement and have already started preparing a bill. Current economic data came out better than expected overall.

Dow Jones Industrial closed at 33,093.34 points, up 1.00 percent. This resulted in a 1 percent loss last week.

Across the market, the S&P 500 rose 1.30 percent to 4205.45 points on Friday. The Nasdaq 100 continued its rally from the previous day and eventually reached 14,298.41 points, up 2.58%. The technology-weighted index thus achieved a weekly increase of 3.6 percent.

(SDA)

Source :Blick

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