(As of 7:17 am PST)
Stocks wobbled near the unchanged line to start but are
inching higher as investors remained cautious heading into the 4th
day of the government shutdown. House Speaker John Boehner and senior
Republicans showed some flexibility Thursday afternoon in their efforts to
reopen the government. Boehner signaled
the need to confront the debt ceiling issue urging Republican House members
that it must be raised. There’s still a
long ways to go before a deal is reached but markets seem to be holding up surprisingly
well with the volatility index lower today after spiking previously. Normally, investors would be trading today on
the US nonfarm payrolls jobs reports but due to the shutdown, the Labor
department is unable to release it. A
lack of data has markets cautious but steady this morning.
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