US shares rose on Wednesday and the dollar gained against the safe-haven Japanese yen as upbeat news out of Washington helped mitigate investors’ concerns about North Korea’s nuclear weapons tests and a major hurricane barreling towards Puerto Rico and Florida.
US President Donald Trump and congressional leaders agreed to pass an extension of the debt limit until December 15. The news also lifted the yield on benchmark 10-year US Treasury notes after it had fallen to a near 10-month low at 2.054 percent.
The Dow Jones Industrial Average rose 54.33 points, or 0.25 percent, to end at 21,807.64, the S&P 500 gained 7.69 points, or 0.31 percent, to 2,465.54 and the Nasdaq Composite added 17.74 points, or 0.28 percent, to 6,393.31.
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