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03.12.2021 00:42 News >> US Stocks Close Higher As House Strikes Deal On Funding Bill

US Stocks Close Higher As House Strikes Deal On Funding Bill

Dow bounces back 617 points after losing 461 points in previous session.

US stocks closed higher Thursday to rebound from the previous day's losses after the House of Representatives reached a deal on a funding bill that would avoid a government shutdown.
The Dow Jones Industrial Average soared 617 points, or 1.82%, to 34,639. The blue chip index lost 461 points Wednesday.
The S&P 500 rose 64 points, or 1.42%, to 4,577 after falling 54 points in the previous session.
The Nasdaq jumped 127 points, or 0.83%, to end the day at 15,381. The tech-heavy index was off 283 points the day before.
House lawmakers reached a deal earlier on a short-term funding bill that would avoid a shutdown a day before the deadline and keep the government funded until Feb. 18. The Senate now has to approve the spending bill by midnight Friday to prevent a shutdown.
Despite climbing above 30 on Wednesday for the first time since March, the VIX volatility index, known as the fear index, was down 10.2% to 27.95.
The dollar index was up 0.11% to 96.14, while the yield on 10-year US Treasury notes gained 0.24% to 1.438%.
Crude prices were up almost 2%, with Brent crude trading at $70.06 per barrel and US benchmark West Texas Intermediate crude at $66.91.
Precious metals were mixed, with gold losing 0.74% to $1,768 an ounce but silver increasing 0.33% to $22.39. -



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