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Stocks Rise as Investors Hope for Government Deal

Stocks Rise as Investors Hope for Government Deal (Bloomberg)

Stocks rose today, though this week was the second in a row to finish in the red, as investors grew optimistic that lawmakers in Washington, D.C. would reach a deal to end the government shutdown. “There’s a working presumption that this is fundamentally theater and it’s going to work itself out favorably,” Mackintosh Pulsifer, vice chairman and chief investment officer of Fiduciary Trust Co. International in New York, said. “There will not be a default, we’ll find some way to raise the debt ceiling, and government workers will go back to work. In a few weeks it’s not going to have any impact.”

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