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Dow ends nearly 340 points higher as lawmakers reach deal to avert debt-ceiling breach

MarketWatch logo MarketWatch 10/7/2021 William Watts
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Video: Wall Street pointed toward higher open following short-term debt limit deal (CNBC)

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Stocks ended solidly higher Thursday, lifted after lawmakers reached an agreement that would delay a breach of the federal government's debt limit --- and a sovereign default --- until early December, providing time to come up with a longer lasting fix. Investors were also preparing for the September jobs report, due Friday morning. The Dow Jones Industrial Average [: djia] rose around 337 points, or 1%, to finish near 34,754, while the S&P 500 advanced around 36 points, or 0.8%, closing near 4,400. The Nasdaq Composite ended near 14, 654, up 1%, or around 152 points.

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