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Markets shrug off partial US government shutdown

6:19 AM, Oct 2, 2013   |    comments
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NEW YORK (AP) - An upbeat report on the manufacturing sector and the expectation of more positive economic data are currently outweighing any worries about the effects of the government shutdown among investors on Wall Street.

The Dow rose 62 points Tuesday to close at 15,191, while the S&P 500 gained 13 to 1,695 and the Nasdaq added 46, or 1.2 percent, to 3,818.

One market strategist says with the trend of the economy headed in a positive direction, the budget rancor in Washington isn't likely to have a major effect, unless it "really gets ugly."






Associated Press

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