In this Wednesday, Oct. 9, 2013 photo, trader Frank O’Connell, right, works, on the floor of the New York Stock Exchange. U.S. futures are down sharply, Monday, Oct. 14, 2013, as the nation heads into the third week of a partial government shutdown. (AP Photo/Richard Drew)
NEW YORK (AP) — Stocks rose Monday, helped by signs that Washington was moving closer to a deal that would avert a default by the U.S. government.
The stock market started the session broadly lower after negotiations between the White House and House Republicans broke down over the weekend. However, stocks erased those losses in early afternoon trading following news that President Barack Obama would meet with Congressional leaders.
The market extended those gains after Senate leaders in both parties said progress was being made.
Democratic Majority Leader Harry Reid opened the Senate session Monday by saying he was “very Login to read more