Economic news

Wall Street opens slightly higher, potential government shutdown in focus

U.S. major stock indexes edged higher on Friday, led by gains in Amazon and Nike, while investors ignored concerns over possible U.S. government shutdown.

Photo: Reuters

The Dow Jones Industrial Average inched up 0.05 percent, to 26,031.68. The S&P 500 rose 0.28 percent, to 2,805.76 and the Nasdaq Composite climbed 0.37 percent, to 7,323.04.

The House of Representatives on Thursday has passed a bill to fund government operations through to 16 February, but the bill must now be voted on by the Senate until a midnight deadline. Traders are betting political willpower will avert a government shutdown this weekend.


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