U.S. stocks rose, with benchmark indexes erasing earlier declines, amid signs of progress in efforts by lawmakers to reach a deal before the government loses its ability to borrow money in three days.
The Standard & Poor’s 500 Index rose 0.3% to 1,707.75, reversing an earlier drop of as much as 0.7%. The Dow Jones Industrial Average increased 48.23 points, or 0.3%, to 15,285.34.
The S&P 500 erased early declines after the White House said that President Barack Obama and Vice President Joe Biden will meet with congressional leaders at 3 p.m. in Washington. Obama will make clear the need for Congress to act to pay nation’s bills and reopen the government, the statement said.
There has been some progress in Senate talks to resolve the impasse, Barack Obama told reporters while visiting a charity in Washington today. Senate Majority Leader Harry Reid said he’s “very optimistic” an agreement will be reached, while Minority Leader Mitch McConnell said he shares Reid’s optimism on a budget deal.
Reid told reporters at the Capitol today that he and McConnell are closer to an agreement, though they haven’t reached one yet.
Netflix Inc. (NFLX) jumped 6.7% on reports that the company is in talks to get its service on cable operators’ set-top boxes.
St. Jude Medical Inc. rose 1.5% after the maker of heart-rhythm devices bought specialist device maker Nanostim Inc. for $123.5 million.
Whirlpool Corp. lost 5.6 percent as Cleveland Research said appliance demand has softened in the past month. Expedia Inc. (EXPE) slid 6.5% after Deutsche Bank AG cut its rating on the online travel agency.
Комментариев нет:
Отправить комментарий