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Stocks rebound, but Dow and S&P down for second straight week

  • Stocks bounced back after falling in nine of the past 11 sessions, with the Dow reclaiming 15,000, as some investors were optimistically buying the dip despite no outward sign of progress in the government shutdown.
  • The Dow and S&P finished in the red for the second straight week, but the Nasdaq closed positive for the fifth straight week; the tech-heavy index was helped as Twitter filed for its IPO and Facebook planned to start running ads over its Instagram service.
  • Treasury prices slipped, and the yield on the 10-year benchmark gained 4 bps to 2.652%; crude oil settled 0.5% higher at $103.84/bbl, with fears of a tropical storm in the Gulf of Mexico lending support.
Comments (4)
  • wigit5
    , contributor
    Comments (3921) | Send Message
     
    That's because the shutdown was just an excuse for a pull back no one actually cared so the buying began soon afterwards.
    4 Oct 2013, 04:34 PM Reply Like
  • techwonk
    , contributor
    Comments (285) | Send Message
     
    Campaign managers raise funds, organize voters, plan events, pay the bills...and when the election is over, they getsent home & the financially illiterate candidates go to Washington.

     

    What's wrong with this picture?
    4 Oct 2013, 11:03 PM Reply Like
  • Financehulligan
    , contributor
    Comments (1079) | Send Message
     
    US on the way to default, what´s wrong with that? Just print some more Zimbabve dollar or let FED buy every asset and hope that no one will check the cards after the river...
    5 Oct 2013, 11:34 AM Reply Like
  • Ocean Man
    , contributor
    Comments (536) | Send Message
     
    In what way was the Nasdaq helped by Twitter filing for an IPO?
    5 Oct 2013, 01:29 PM Reply Like
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