The Standard & Poor's 500 index closed above 1,300 for the first time since July 28, and the Dow Jones industrial average finished at its highest since July 25. That was just before the bitter fight in Washington over the federal debt limit.
It was also the first time since Jan. 3, the first tra
ding day of the year, that the S&P 500 moved more than 1 percent. The market has made a quiet ascent since then. The S&P is up 4 percent for the year, the Dow 3 percent.Smaller stocks had the strongest gains, a sign that investors are becoming more comfortable taking on risk. The Russell 2000 of small-company stocks rose 1.8 percent, more than the 1.1 percent gain in the S&P and the 0.8 percent gain in the Dow. The Nasdaq rose 1.5 percent. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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