According to CNBC, stocks rose sharply Thursday morning, as investors witnessed signs of progress in resolving political gridlock in Washington. As a result, the Dow soared above 15,000. CNBC explains:
The Dow and S&P 500 are seeing their best one-day gains in nearly four months.
House Speaker John Boehner said the GOP would offering a temporary increase in the debt ceiling in return for discussions with President Obama on other budget and deficit issues.Sponsor Content
And President Barack Obama is willing to look at the proposal to extend the debt ceiling but insists that lawmakers end the government shutdown as well, according to a White House official.