On Friday, Wall Street saw gains as the Treasury market stabilized and the US government averted a shutdown. The S&P 500 index rose by 0.88% to 4,780.94 points, while the Dow Jones Industrial Average gained 0.54% to 37,468.61 points. The Nasdaq 100 index also rose by 1.47% to 16,982.29 points.
The US government avoided a partial shutdown, which helped stabilize the Treasury market. The yield on the 10-year Treasury steadied at 4.14%.
This is good news for investors, as the stock market continues to recoup the week’s earlier losses. The gains are expected to continue as companies continue to turn in better profits for the summer than expected.
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