NEW YORK (AP) — Stocks are surging on Wall Street after Senate leaders reached a deal that would avoid a U.S. default and reopen the government after 16 days of being partially shut down.
The Dow Jones industrial average jumped 205 points, or 1.4 percent, to close at 15,373 Wednesday.
The Standard & Poor's 500 index rose 23 points, or 1.4 percent, to 1,721 points. The S&P 500 is just four points below the all-time high it reached on Sept. 18.
The Nasdaq composite rose 45 points, or 1.2 percent, to 3,839.
Yields on Treasury bills fell sharply as investors became less nervous about a potential default by the government.
The gains were broad. Four stocks rose for every one that fell on the New York Stock Exchange. Trading volume was heavier than usual.
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Bad news continues to surface at an Alamogordo mobile home park already plagued with problems.
A winter storm warning has been issued for Albuquerque and surrounding areas through 11 p.m. Thursday.
Dean Staley and Mark Ronchetti with your evening headlines and forecast.
Police responded to a northeast Albuquerque neighborhood where a man believed to be armed was involved in a tense standoff with police.
There was some good news Wednesday. Bernalillo County Sheriff's Deputy Robin Hopkins has started walking again.
Voters in San Juan County have approved a measure to allow restaurants to serve beer and wine.