Optimism that a budget deal will be reached in Washington sent stocks modestly higher Thursday. A pair of economic reports also brightened the mood. The stock market took a brief turn lower when House Speaker John Boehner said little progress was being made in budget talks, then slowly recovered in the afternoon.
The Dow Jones industrial average rose 36.71 points, or 0.3 percent, to close at 13,021.82.
The Standard & Poor's 500 index rose 6.02 points, or 0.4 percent, to close at 1,415.95.
The Nasdaq composite rose 20.25 points, or 0.7 percent, to 3,012.03.
For the week:
The Dow is down 12.14, or 0.1 percent.
The S&P 500 is up 6.80, or 0.5 percent.
The Nasdaq is up 45.18, or 1.5 percent.
For the year:
The Dow is up 804.26, or 6.6 percent.
The S&P 500 is up 158.35, or 12.6 percent.
The Nasdaq is up 406.88, or 15.6 percent.
Playboy-Snapchat model Katie May dead at 34 after fall during photo shoot
Mike Shedlock - Europe Fears Bail-Ins: Capital Flight Intensifies in Italy, France, Spain; Are German Banks Safe?
Tonight's New Hampshire GOP Debate Preview | RedState
America is a Nation Headed For a Fall
The Remainderman | Human Events
Concealed Carrier Thwarts Possible Mass Shooting in NOLA
Meanwhile, the F-35 is still a train wreck