FILE - In this Monday, June 3, 2013, file photo, Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System, answers a question from a participant at the International Monetary Conference in Shanghai, China. President Barack will nominate Yellen to replace Federal Reserve Chairman Ben Bernanke. (AP Photo/Eugene Hoshiko, File )
US stocks drift as corporate profits disappoint
The Associated Press
First Published Oct 09 2013 08:16 am • Last Updated Oct 09 2013 02:37 pm
New York » Stocks are closing mostly higher on early signs of progress on ending a budget stalemate in Washington.
President Barack Obama is making plans to talk with Republican lawmakers at the White House in the coming days as pressure builds on both sides to resolve their deadlock over the federal debt limit and the partial government shutdown.
The Dow Jones industrial average rose 26 points, or 0.2 percent, to close at 14,803 Wednesday.
The Standard & Poor’s 500 rose a point, or 0.1 percent, at 1,656. The Nasdaq composite fell 17 points, or 0.5 percent, to 3,677.
Rising and falling stocks were evenly split on the New York Stock Exchange. Volume was higher than average at 3.6 billion shares.
Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
About Reader Comments
Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account
. See more about comments here.