Stocks Rise as Investors Foresee Limited Shutdown Impact (Bloomberg)
U.S. stocks rose today, sending the S&P 500 up from yesterday’s three-week low, as investors predicted that the government shutdown will have only a limited impact on the economy. “We have gone through this before, it’s not too surprising that investors aren’t frightened by it,”Bruce Bittles, chief investment strategist at RW Baird & Co., said. “The selling pressure lifted, and that has encouraged a lot of buyers here looking into buying the dip.”
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