Business

Stocks get a lift from signs D.C. is talking

Stocks rose, helped by signs Washington was closer to a deal to avert a government default. The session began broadly lower after weekend talks between the White House and House Republicans broke down. But stocks erased the losses on news the president will meet with congressional leaders. The market extended the gains after Senate leaders cited progress. Yet investors should brace for volatility as long as the debt ceiling is unresolved, said John Lynch, at Wells Fargo Private Bank. The Street also has a busy week of corporate profit reports: Coca-Cola, Johnson & Johnson, Citigroup. The bond market was closed for Columbus Day.

Advertisement