NEW YORK, N.Y. - The stock market is edging higher as talks continue in Washington over ending a budget impasse that has partially shut down the government and threatened the U.S. with default.
The Dow Jones industrial average rose 61 points, or 0.4 per cent, to 15,188 at midday Friday. The Dow surged 323 points on Thursday as investors hoped that signs of a compromise from House Republicans would defuse the standoff.
The Standard & Poor's 500 index was up six points, or 0.4 per cent, at 1,698. The Nasdaq composite was up 18 points, 0.5 per cent, at 3,778.
Safeway rose $2.03, or 6 per cent, to $33.61 after saying it would sell its Chicago-area stores to focus on its more profitable businesses.
Gap fell $2.85, or 7 per cent, to $36.63 after its sales fell in September.
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