Stocks rose on Tuesday even as a U.S. government shutdown began.
Despite the political gridlock in Washington, investors didn't push the panic button. That suggests that, at least for now, they aren't anticipating that the stalemate will cause enough disruption in the economy to threaten a gradual U.S. recovery and a four-year bull run in the stock market.
The Dow Jones industrial average rose 62.03 points, or 0.4 percent, to close at 15,191.70.
The Standard & Poor's 500 index gained 13.45 points, or 0.8 percent, to 1,695.
The Nasdaq composite rose 46.50 points, or 1.2 percent, to 3,817.98.
For the week:
The Dow is down 66.54 points, or 0.4 percent.
The S&P 500 is up 3.25 points, or 0.2 percent.
The Nasdaq is up 36.39 points, or 1 percent
For the year so far:
The Dow is up 2,087.56 points, or 15.9 percent.
The S&P 500 is up 268.81 points, or 18.9 percent.
The Nasdaq is up 798.47 points, or 26.4 percent.