Stocks Close With Gains As Investors Shrug off Washington Inertia

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The stock market squeezed out gains as traders struggled to push indices into positive territory for the first time in six days. Although equities continued to be plagued by the deadlock in Congress, investors shrugged off threats of a shutdown by House Speaker John Boehner and put their money back in the market following a small decline in initial jobless claims and dovish comments from Fed officials Stein and Kocherlakota.

Stocks were also aided by falling Treasury yields -- which have dropped close to 10 basis points since the beginning of the week -- as well as technical support for the Dow Industrial at the 50 day moving average of 15,293.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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