Stocks closing higher as receding debt fears spur rally
Stocks closing higher as receding debt fears spur rally
By DAMIAN J. TROISE and ALEX VEIGA
Stocks are closing higher on Wall Street Thursday as investors welcomed progress in Congress’ standoff over extending the federal debt ceiling. A temporary extension will give lawmakers more time to reach a permanent resolution. The S&P 500 rose 0.8% and the Nasdaq Composite gained 1.1%. Pfizer gained 1.7% after asking the U.S. government to allow use of its…
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