Stocks posted modest gains Friday, driven by budding optimism among traders that Washington’s bickering politicians can reach an agreement on the budget and on increasing the government’s borrowing limit soon.
The Dow Jones industrial average rose 76.10 points, or 0.5 per cent, to close at 15,072.58.
The Standard & Poor’s 500 index added 11.84 points, or 0.7 per cent, to 1,690.50.
The Nasdaq composite rose 33.41 points, or 0.9 per cent, to 3,807.75.
For the week:
The Dow fell 185.66 points, or 1.2 per cent.
The S&P 500 is down 1.33 points, or 0.07 per cent.
The Nasdaq rose 26.16 points, or 0.7 per cent
For the year so far:
The Dow is up 1,968.44 points, or 15 per cent.
The S&P 500 is up 264.31 points, or 18.5 per cent.
The Nasdaq is up 788.24 points, or 26.1 per cent.