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FILE - In this Wednesday, Oct. 2, 2013 file photo, trader Kevin Walsh works on the floor of the New York Stock Exchange. Stock futures were rebounding before the opening bell Friday, Oct. 4, from a significant sell-off over the past two days, but major averages that have been rattled by the partial government shutdown appear to be headed for a weekly loss. (AP Photo/Richard Drew, File)

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Stocks gain, erasing most of S&P 500's weekly loss

  • Associated Press
  • October 4, 2013 - 8:22 PM

NEW YORK — The stock market is closing modestly higher even as a partial shutdown of the U.S. government continues.

The gain left the Standard & Poor's 500 index flat for the week.

The Dow Jones industrial average rose 76 points, or 0.5 percent, to 15,072 Friday.

The S&P 500 rose 11 points, or 0.7 percent, to 1,690 and the Nasdaq composite index rose 33 points, or 0.9 percent, to 3,807.

The market has been weak recently as investors fret over the fiscal impasse in Washington. The Dow and S&P 500 gained for just the third time Friday in the last 12 trading days.

Two stocks rose for every one that fell on the New York Stock Exchange. Volume was below average at 2.8 billion shares.

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