Business

Stocks rise on hope that DC will end its bickering

Advertisement

Wall Street thinks Washington’s gridlock could be easing. Stocks gained, driven by budding optimism among traders that bickering politicians can reach an agreement on the budget and on increasing the government’s borrowing limit soon. ‘‘Call it ‘modest optimism,’ ’’ said one executive at LEK Securities. The stock market rose for just the third time in 12 days. Despite Friday’s gains, the trend for the last three weeks in the market has been lower. The Dow is down nearly 4 percent since it hit a record high on Sept. 18. Also Friday, Lockheed Martin said it would furlough 3,000 workers starting Monday due to the shutdown.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com