Shutdown News Lifts Markets to Record Highs

Dow rises 142 to 26,214
By Newser Editors and Wire Services
Posted Jan 22, 2018 3:06 PM CST
Trader Craig Spector works on the floor of the New York Stock Exchange, Wednesday, Jan. 17, 2018. Stocks are opening higher on Wall Street as the market makes up some of the ground it lost a day earlier.   (AP Photo/Richard Drew)

(Newser) – Stocks closed higher on Wall Street Monday, setting more all-time highs for major US indexes. Technology, energy, and consumer-focused companies contributed most to the gains, per the AP. Microsoft rose 1.8%, Schlumberger jumped 4.4%, and Amazon rose 2.5%. The market got off to a weak start but turned higher at noon after Congress moved closer to ending a government shutdown. The Standard & Poor's 500 index rose 22 points, or 0.8%, to 2,832. The Dow Jones industrial average rose 142 points, or 0.5%, to 26,214. The Nasdaq composite rose 71 points, or 1%, to 7,408.

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