Thu, 17 Oct 2013 06:53:07 GMT
U.S. shares rally on new federal debt ceiling
Wall Street increased on Thursday as the U.S. President Barack Obama and Senate leaders found an agreement on a new federal debt ceiling reopening the federal government and avoiding a catastrophic scenario of the country's default. The Dow Jones industrial average added 1.36% to 15,373.83, the S&P 500 Index rose 1.38% to 1,721.54 and the Nasdaq gained 1.20% to 3,839.43.