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The Journal Gazette

  • A specialist is silhouetted with screens at his post on the floor of the New York Stock Exchange Thursday, Oct. 10, 2013. World stock markets were boosted Friday Oct. 11, 2013 by a glimmer of progress in resolving the U.S. budget row that has threatened to leave the U.S. unable to pay its bills. (AP Photo/Richard Drew)

Friday, October 11, 2013 9:50 am

Mixed start on Wall Street as debt talks continue

The Associated Press

The stock market is getting off to a mixed start as talks continue in Washington over ending a budget impasse that has shut down the government and threatened the U.S. with default.

The Dow Jones industrial average inched up five points to 15,132 points in the first few minutes of trading Friday. It surged 323 points the day before as investors hoped that signs of a compromise from House Republicans would defuse the standoff.

The Standard & Poor's 500 index edged down less than a point to 1,691. The Nasdaq composite also fell less than a point to 3,760.

Two big U.S. banks reported mixed results. JPMorgan Chase's stock rose after its earnings excluding a big legal expense came in better than analysts expected. Wells Fargo's revenue missed targets.