Shutdown Hurts Boeing, Twitter’s IPO Plans Are Public: Market Recap
U.S. stocks rose during trading on Friday as investors became more optimistic that an agreement could be reached to end the government shutdown before defaulting on federal debt. The U.S. Treasury warned yesterday that the $16.7 trillion budget cap would be reached by October 17 regardless of measures taken to avoid it, and that defaulting on that debt could have disastrous consequences that may last for decades. The shutdown stopped the Labor Department from releasing its jobless claims report today.
Gold: -0.55% to $1,310.40 per ounce Oil: +0.29% to $103.61 per barrel U.S. 10-Year: +1.77 to 2.652%