Stocks Get Late-Day Boost on Shutdown-Deal Hopes: Markets Wrap

Wall Street saw a sharp bounce from session lows amid hopes that US lawmakers are getting closer to a deal ending the longest shutdown in American history. Crypto trimmed this week’s plunge.

Equities wiped out losses, with nearly 400 shares in the S&P 500 rising. While Senate Republicans rejected Democrats’ proposal to scale back their demands to a one-year extension of expiring health-care subsidies, the fact that the parties were trading offers was seen as a positive step. The Nasdaq 100 pared most of its Friday’s slide, but posted its worst week since April.