U.S. stocks rebounded today and lifted the Standard & Poor’s 500 Index less than 1 percent from a record high, amid signs lawmakers may reach a deal before the government’s borrowing authority is scheduled to end in three days.
The S&P 500 rose 0.4 percent to 1,710.14 at 4 p.m. in New York to overcome an earlier drop of as much as 0.7 percent for a fourth day of gains. The index is at its highest level since Sept. 19 and within 16 points of its Sept. 18 record of 1,725.52. The Dow Jones Industrial Average gained 64.15 points, or 0.4 percent, to reach 15,301.26.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: