14 Oct 2013
Wall Street’s hopeful ahead of critical meeting
FXstreet.com (Chicago) – Wall Street closed with gains after the White House announced “important progress” made towards finding a solution to the US shutdown and debt limit deadline that is effective later this week.
Starting with losses, the indexes increased the pace to close winning with the Dow up 0.43%, the Nasdaq up 0.61% and the S&P500 up 0.43%. Ahead of Obama’s meeting with congressional leaders at some point in this journey, the hopeful sentiment seemed to spread confirmed with gold extending the bearish channel and staying around $1,270/oz.
The meeting was postponed to “allow leaders in the Senate to continue making important progress” for a satisfactory deal, said Obama.
Starting with losses, the indexes increased the pace to close winning with the Dow up 0.43%, the Nasdaq up 0.61% and the S&P500 up 0.43%. Ahead of Obama’s meeting with congressional leaders at some point in this journey, the hopeful sentiment seemed to spread confirmed with gold extending the bearish channel and staying around $1,270/oz.
The meeting was postponed to “allow leaders in the Senate to continue making important progress” for a satisfactory deal, said Obama.