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Wall Street rallies despite ongoing gov't shutdown
Last Updated: 2013-10-05 09:36 | Xinhua
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U.S. stocks rebounded Friday from Thursday's slip, though the partial government shutdown dragged into a fourth day.

The Dow Jones Industrial Average rose 76.10 points, or 0.51 percent, to 15,072.58 points. The Standard & Poor's 500-stock Index increased 11.84 points, or 0.71 percent, to 1,690.50 points. The Nasdaq Composite Index surged 33.41 points, or 0.89 percent, to 3, 807.75 points.

The market ended the week mixed, with the blue-chip Dow and broader S&P 500 falling 1.2 percent and 0.1 percent, respectively, while the Nasdaq jumping 0.7 percent.

Wall Street once again posted its impressive resilience, shrugging off the budget standoff, as some investors grew more optimistic over a deal which would be reached in Congress.

The U.S. equity market surrendered part of its earlier gains in the final trading hour, after House Speaker John Boehner said the House will not vote on a clean spending bill without conditions to reopen the government.

The closely-watched non-farm payrolls report for September, originally scheduled for Friday morning by the Labor Department, was canceled due to the government shutdown.

On corporate side, Twitter plans to raise 1 billion U.S. dollars and debut on a stock exchange in November, according the micro-blogging service's Initial Public Offering filing revealed late Wednesday.

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