Investments

Stocks edge higher after shaky open

According to CNBC, stocks ticked slightly higher after a shaky open Friday, as investors awaited further progress to resolve political gridlock in Washington D.C.

"Shorts notoriously are concerned about weekends—Friday's the bet day of the week because people tend to cover some of their shorts rather than have that multi-day exposure to a potential infinite loss if big news comes out," said Art Cashin, director of floor operations at UBS Financial Services. "But we're still going to be vulnerable to the Washington follies and see where things go."

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