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Last updated: October 10. 2013 10:40AM - 273 Views
Associated Press



Trader Kevin Lodewick, right, works on the floor of the New York Stock Exchange Wednesday, Oct. 9, 2013. Global stock markets were mostly higher Thursday Oct. 10, 2013 as President Barack Obama prepares to meet with top Republican leaders in hopes of ending an impasse over the nation's borrowing limit and resolving budget disagreements that have led to a partial shutdown of the federal government.  (AP Photo/Richard Drew)
Trader Kevin Lodewick, right, works on the floor of the New York Stock Exchange Wednesday, Oct. 9, 2013. Global stock markets were mostly higher Thursday Oct. 10, 2013 as President Barack Obama prepares to meet with top Republican leaders in hopes of ending an impasse over the nation's borrowing limit and resolving budget disagreements that have led to a partial shutdown of the federal government. (AP Photo/Richard Drew)
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(AP) Stocks are rising sharply in early trading on Wall Street following hopeful signs that a budget impasse in Washington may break soon.


The Dow Jones industrial average jumped 154 points, or 1 percent, to 14,955 in the first few minutes of trading Thursday.


The Standard & Poor's 500 index rose 19 points, or 1.1 percent, to 1,675 and the Nasdaq composite rose 50 points, or 1.4 percent, to 3,728.


President Barack Obama will meet with House Republicans at the White House to seek a path beyond a confrontation that has left the government shuttered for almost two weeks.


House Republican leaders appear to be ready to advance a short-term debt limit increase that would prevent the first default on U.S. debt next week.


Associated Press
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