U.S. shares hit record highs once again after Senate leaders reached a deal to end the federal government shutdown. Apparently shutting down the government isn't cause to sell stocks, but reopening it is reason to buy... Just about all major averages were in the green as markets crept higher throughout the day.
At the close, the Industrials were up 86 points to 26,158, while the Transports gained a healthy 0.13%. The Nasdaq climbed 0.73% and the broader S&P 500 tacked on another 0.53%. In rather unusual fashion the Utilities also rallied, and were the strongest performer on the day, up 0.94%.
International markets also rose – it's a global bull market after all. Over in Europe the Stoxx 600 added 0.31% and the Europe Dow was up 0.58%. It was a similar story in Asia where the Asia Dow was up 0.30%, led by India and Singapore, up 0.71% and 0.82%, respectively. ... Log in or subscribe to continue reading.