"U.S. stocks are rising and clawing back some of their losses from late last week. The S&P 500 added 0.4% in early trading Monday, coming off its first losing week in the last four. The Dow Jones Industrial Average edged up 29 points, or 0.1%, and the Nasdaq composite was up 0.6%. All three are near their all-time highs set a week ago. Electronic Arts climbed after the video-game maker confirmed rumors it would be taken private in what could become the largest-ever buyout"
"Prospects for a last-minute compromise between Republicans and Democrats appear rather bleak, with government funding set to run out Wednesday. Such political impasses have had limited impact on the market before, though a shutdown could delay the release of government data that traders, economists and the Federal Reserve rely on for clues about how the U.S. economy is faring."
U.S. stocks rose Monday with the S&P 500 up 0.4%, the Nasdaq up 0.6% and the Dow up about 29 points, all near recent record highs. Electronic Arts jumped after confirming takeover rumors that could become the largest-ever private-equity-funded buyout. Markets remained cautious because government funding is set to run out Wednesday, raising the risk of a shutdown that could delay key economic data. Futures moved higher ahead of the week. The government will publish the September jobs report Friday. Inflation accelerated to 2.7% last month, sustaining Fed attention despite recent rate cuts.
Read at Fortune
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