The Standard & Poor’s 500 Index rose a seventh day, the
longest gain since 2006, as jobless claims dropped more than forecast and
investors watched budget talks.
The S&P 500 rose 0.1 percent to 1,429.98 at 10:26 a.m.
New York time. The Dow Jones Industrial Average added 9.19 points, or 0.1
percent, to 13,254.64. Trading in S&P 500 companies was 10 percent lower
than the 30-day average at this time of day, according to data compiled by
Bloomberg.
“We’ve had good economic data yet people are still anxious
to see what comes out of the negotiations in Washington,” said Peter St. Jankovskis,
who helps oversee $3 billion of assets as co- chief investment officer at
Lisle, Illinois-based Oakbrook Investments LLC. “We’ll see a range-bound market until we get something definitive.”
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