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Wall Street Closing
Published in Saudi Press Agency on 10 - 10 - 2013

AlHijjah 5, 1434, Oct 10, 2013, SPA -- U.S. stocks ended mixed Wednesday, with investors increasingly worried about a possible U.S. debt default but pleased that President Barack Obama nominated Janet Yellen as the next chair of the Federal Reserve (Fed).
The Dow industrials and broader Standard & Poor's 500 rose modestly, but the technology-heavy Nasdaq continued to decline.
U.S. stocks have been mostly declining amid continued anxiety over the debt-limit crisis. The Dow has fallen more than 300 points since the shutdown of the federal government started on October 1. Investors are becoming more nervous each day that Washington will not raise the debt ceiling next week, which would make the government unable to pay its obligations.
The Dow Jones industrial average rose 26.45, or 0.2 percent, to 14,802.98. The S&P 500 index was little changed, rising less than one point to 1,656.40. Shares of Hewlett-Packard jumped nearly 9 percent after its chief executive said she expects revenue to stabilize in 2014. The technology-heavy Nasdaq composite index fell 17.05, or 0.5 percent, to 3,677.78.


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