Last updated: October 01. 2013 4:42PM - 1161 Views
Associated Press



Specialist Christopher Culhane works at his post on the floor of the New York Stock Exchange after the Federal Reserve announcement, Wednesday, Sept. 18, 2013. Investors plowed money into stocks and bonds Wednesday after the Federal Reserve's surprise decision to keep its economic stimulus in place.  (AP Photo/Richard Drew)
Specialist Christopher Culhane works at his post on the floor of the New York Stock Exchange after the Federal Reserve announcement, Wednesday, Sept. 18, 2013. Investors plowed money into stocks and bonds Wednesday after the Federal Reserve's surprise decision to keep its economic stimulus in place. (AP Photo/Richard Drew)
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(AP) The stock market is closing higher as investors shrug off a partial shutdown of the U.S. government.


A big increase in manufacturing last month also encouraged investors.


The Dow Jones industrial average rose 62 points, or 0.4 percent, to close at 15,191 Tuesday.


The Standard & Poor's 500 index rose 13 points, or 0.8 percent, to 1,695. The S&P lost ground seven of the previous eight trading days.


The Nasdaq composite rose 46 points, or 1.2 percent, to 3,818.


Merck led the Dow higher after saying it would cut 8,500 jobs and move its headquarters to save costs. The stock rose $1.13, or 2.4 percent, to $48.74.


More than two stocks rose for every one that fell on the New York Stock Exchange. Volume was average at 3.2 billion shares.


Associated Press
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