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Last updated: October 11. 2013 4:37PM - 540 Views
Associated Press



Trader Richard Newman, right, works on the floor of the New York Stock Exchange Friday, Oct. 11, 2013. The stock market is getting off to a mixed start as talks continue in Washington over ending a budget impasse that has shut down the government and threatened the U.S. with default. (AP Photo/Richard Drew)
Trader Richard Newman, right, works on the floor of the New York Stock Exchange Friday, Oct. 11, 2013. The stock market is getting off to a mixed start as talks continue in Washington over ending a budget impasse that has shut down the government and threatened the U.S. with default. (AP Photo/Richard Drew)
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(AP) The stock market is closing higher as talks continue in Washington over ending a budget impasse that has partially shut down the government and threatened the U.S. with default.


The Dow Jones industrial average rose 111 points, or 0.7 percent, to close at 15,237 Friday. The Dow surged 323 points on Thursday as investors hoped that signs of a compromise from House Republicans would defuse the standoff.


The Standard & Poor's 500 index rose 10 points, or 0.6 percent, to 1,703. The Nasdaq composite rose 31 points, 0.8 percent, at 3,791.


The price of gold closed at a three-month low as investors ditched safe-play assets in light of the progress toward reaching a debt deal.


Three stocks rose for every one that fell on the New York Stock Exchange.


Associated Press
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