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U.S. Stocks Close At Record Highs As Gov't Shutdown Ends
 

U.S. stocks ended higher on Monday, with three indices all closing at record highs, as U.S. lawmakers reached a bill that would resume government shutdown.

The Dow Jones Industrial Average added 142.88 points, or 0.55 percent, to 26,214.60. The S&P 500 gained 22.67 points, or 0.81 percent, to 2,832.97. The Nasdaq Composite Index was up 71.65 points, or 0.98 percent, to 7,408.03.

The U.S. government shut down on Saturday after a spending bill that would fund the government through Feb. 16 was voted against in the Senate.

Members of the senate reached a short-term compromise on Monday to keep the government open through Feb. 8.

Stocks kicked off the session trading lower, but quickly erased those losses. Analysts said that historically, a brief bout of volatility had hit the market following a government shutdown, but the impact was often short-lived.

Investors also kept an eye on the corporate earnings reports.

Fourth quarter earnings are expected to increase 12.4 percent from the last quarter of 2016. Of the 53 companies in the S&P 500 that have reported earnings to date, 79.2 percent have reported earnings above analyst expectations, according to the latest data from Thomson Reuters.


(www.chinaview.cn 2018-01-23)
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