U.S. Stocks Open Modestly Higher After Government Shutdown Averted
U.S. stocks opened higher on Monday, following a deal among Congressional leaders to fund the government through Sept. 30, which removed the overhang of a potential geopolitical risk. The Dow Jones Industrial Average rose 0.1%, or 17 points, to 20,959. The S&P 500 added 4 points to 2,388, a gain of 0.2%. The Nasdaq Composite Index rose 19 points to 6,066, an advance of 0.3%. The day's top sector was technology, which rose 0.3% on the day. Investors also continued to watch the onslaught of corporate earnings being released. Dish Network Corp fell 2.5% while Cardinal Health Inc. lost 0.7%. Both reported revenue that missed expectations.
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