Epic US Markets Update
US stocks closed more than 1 percent higher on Wednesday after Senate leaders said they had a deal to reopen the federal government and raise the debt ceiling, which would avoid the threat of a debt default.
S&P 500 sectors solidly higher, led by financial stocks, which rose 2.1 percent. Other groups tied to the pace of economic growth, including energy, also jumped. Crude oil rose 1 percent while gold was essentially flat.
The Dow Jones industrial average was up 205.82 points, or 1.36 percent, at 15,373.83. The Standard & Poor’s 500 Index was up 23.48 points, or 1.38 percent, at 1,721.54. The Nasdaq Composite Index was up 45.42 points, or 1.20 percent, at 3,839.43.