INQUIRER.net: US stocks surge on Washington budget progress

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US stocks surge on Washington budget progress Oct 11th 2013, 00:35 NEW YORK CITY—US stocks surged Thursday on progress toward a potential deal in Washington to prevent a debt default, recovering a hefty portion of their losses since the partial government shutdown began.   The Dow Jones Industrial Average soared 323.09 (2.18 percent) to 15,126.07, just below its level on the eve of the October 1 shutdown.   The broad-based S&P 500 jumped 36.16 (2.18 percent) to 1,692.56, while the tech-rich Nasdaq Composite Index added 82.97 (2.26 percent) at 3,760.75.   A breakthrough in the political logjam seemed at hand when House of Representatives Speaker John Boehner offered to extend the US borrowing authority for six w... Keep on reading: US stocks surge on Washington budget progress Media files: Wall-Street-101013-1024x698.jpg (image/jpeg)

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