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

October 4, 2013

NEW YORK (AP) — 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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