Data showing an unexpected decline in jobless claims outweighed concern about a possible government shutdown, propelling stocks to a gain for the day and breaking a five-session losing streak for the S&P 500. “Economic news have been reasonably good,” Mark Foster, chief investment officer at Kirr Marbach & Co. in Columbus, Indiana, said. “On the negative side, we have the short-term budget issues and debt ceiling. I don’t think that’ll end up being a major issue. People just get somewhat immune to all of that.”
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: