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Wall Street Blasts Off as Congress Finally Produces Debt-Ceiling Deal

By  +Follow October 16, 2013 4:31PM
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Stocks roared to life on Wednesday, as Senate Majority and Minority leaders Harry Reid and Mitch McConnell officially announced an agreement to end a half-month old government shutdown and raise the US debt ceiling through the remainder of 2013.

After what seemed like an eternity of increasingly shrill politicking in Washington, D.C. that at times seemed to make brave forays into absurdism, House Republicans relented on their demands for the defunding of President Obama’s signature 2010 Patient Protection and Affordable Care Act in exchange for keeping the government open and allowing the nation to pay its bills.

Markets reacted with overt jubilation, despite the fact that Wednesday’s arrangement does not so much provide a solution that would prevent a repeat of this most recent political calamity, as much as it would simply postpone it until the beginning of next year. Indeed, the deal keeps the government funded through early January, and raises the debt limit until early February, which could leave Americans facing a nearly identical situation right after the holidays.

By the closing bell, the Standard & Poor’s 500 index had added 1.38 percent, climbing to 1,721.51 points, while the Dow Jones Industrial Average rose 1.36 percent to 15,373.77, and the NASDAQ gained 1.20 percent to a tally of 3,839.43.

The deal in Washington also sent oil prices higher, the biggest beneficiaries of which were independent drillers and producers. On the S&P, Pioneer Natural Resources ($PXD) was one of the top performers, closing 5.5 percent higher, with Chesapeake Energy ($CHK) in tow.

Financial stocks topped the Dow, with JPMorgan Chase (JPM) and Goldman Sachs (GS) both adding over three percent ahead of the close, despite the fact that a US Magistrate judge has ordered the company to hand over complaints it is alleged to have received on the part of some of the bank’s female employees who feel as though they had been discriminated against during their tenures.

The NASDAQ was helped by healthcare stocks, with Keryx Biopharmaceuticals (KERX) jumping almost 20 percent on news of an upgrade from Roth Capital, while Geron Corporation (GERN) was 40 percent higher by the closing bell after its stock was also upgraded. Meanwhile, Solar City (SCTY) was also among the exchange’s best performance, finish 12 percent higher after announcing the acquisition of rival Zep Solar.

Twitter made official its intent to be listed on the New York Stock Exchange in filings with the Securities and Exchange Commission late on Tuesday. The social media giant has gone to great lengths to hold its IPO as differently as possible from other techs, who usually list on the NASDAQ.

 

[Image Courtesy of Wikimedia Commons]

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Results for PXD
PetroPlata
27 Apr 15 20:40:44
RT @LEGMAKERS: Anadarko, Pioneer Natural, Range Resource top E&P picks at Cowen http://t.co/0fyNObsOuZ $APC $PXD $RRC $DVN http://t.co/wQxR…
MICHAEL FILLOON
27 Apr 15 20:26:16
Anadarko, Pioneer Natural, Range Resource top E&P picks at Cowen http://t.co/0fyNObsOuZ $APC $PXD $RRC $DVN http://t.co/wQxRXdoQMP #oil
Capital Market Labs
27 Apr 15 19:09:44
Largest Oil, Gas and Consumable Fuels Operating Margin 1: $PXD 2: $DVN 3: $NBL Chart: http://t.co/IPNYHadIyJ http://t.co/r5CNg3fF8D
Hector
27 Apr 15 19:02:40
RT @theflynews: Cowen rolls out E&P coverage with three names as top picks $APC $PXD $RRC $DVN $NBL $XEC $APA $CLR: Full Story http://t.co/…
FirstToMarkets
27 Apr 15 18:45:14
Pioneer Natural ResourcesInitiated Coverage by Cowen & Co (Ranked 37th) to Outperform $PXD #PXD
Stock Rocket
27 Apr 15 16:38:32
Our Stock Pick On $THCZ Is Up 481.54% From Our Initial Release! Major News: http://t.co/bLXWVUwpQ7 $JNPR $PXD $NVE
Penny Stockington
27 Apr 15 15:50:27
Our Winning Penny Stock Picks Gained Over 3115% In The Past 6 Months! Huge News: http://t.co/Lau579PuCR $JNPR $PXD $NVE
US Banking News
27 Apr 15 14:49:54
Pioneer Natural Resources Now Covered by Cowen and Company $PXD http://t.co/KQ08LfPCQK
PolgarStocks
27 Apr 15 14:30:10
PXD Pioneer Natural Resources Company Price Down: -2.42 Last: 171.68 Volume: 540,893 http://t.co/9XG3dJQjJc $PXD #stockmarket ~
The Legacy News
27 Apr 15 14:27:20
Pioneer Natural Resources Research Coverage Started at Cowen and Company $PXD http://t.co/BlNTY8vUEr
Analyst Ratings
27 Apr 15 14:17:33
Pioneer Natural Resources initiated by Cowen and Company at outperform. http://t.co/ooNK8CUlvm $PXD #PXD
US Consumer News
27 Apr 15 14:17:20
Pioneer Natural Resources initiated by Cowen and Company at outperform. http://t.co/TCWPu0GqqF $PXD #PXD
SA Breaking News
27 Apr 15 14:13:53
Anadarko, Pioneer Natural, Range Resource top E&P picks at Cowen http://t.co/X0PmgrBIt4 $APC $PXD $RRC $DVN
SIAnalystWire
27 Apr 15 14:09:52
Cowen Starts Pioneer Natural Resources $PXD at Outperform http://t.co/MK9vfG6W49
The Fly
27 Apr 15 13:47:05
Cowen rolls out E&P coverage with three names as top picks $APC $PXD $RRC $DVN $NBL $XEC $APA $CLR: Full Story http://t.co/AYWX4anktn
Cowen Research
27 Apr 15 13:18:25
Charles Robertson initiates coverage of #oil & gas exploration & production stocks $APC $NBL $XEC $CLR $APA $RRC $PXD $DVN
Your WallSt Reporter
27 Apr 15 10:53:52
MaximumPenny New Pick! The BIGGEST MJ Play of 2015 is $UBQU ! See link: http://t.co/GHbsfvaZqp $THCZ $NGCG � $JNPR $PXD $NVE
MarketDNA
27 Apr 15 10:37:50
$PXD will continue to slide to our target of 160. $MarketDNA
Market Parse
27 Apr 15 10:30:59
@ValueDNA Since your tweet was sent $PXD has dropped -1.439%. See your featured tweet on Market Parse http://t.co/YHInvBkJcO
Rosner Stocks
27 Apr 15 09:43:00
$PXD stock Bid Click Here: http://t.co/AGdaLt9nSl Also See: $ALXN $NOW $WNR $BMRN #stockmarket #tradeideas ~
Your WallSt Reporter
27 Apr 15 09:27:14
MaximumPenny New Pick! The BIGGEST MJ Play of 2015 is $UBQU ! See link: http://t.co/GHbsfvaZqp $THCZ $NGCG � $JNPR $PXD $NVE
BreakingStocksNews
27 Apr 15 06:46:02
$PXD: Pioneer Natural Resources Earns Buy Rating from Jefferies Group ...: http://t.co/49853v1847
WKRB News
27 Apr 15 06:44:07
Pioneer Natural Resources Earns Buy Rating from Jefferies Group $PXD http://t.co/fiFGVeHMRs
Sleek Money
27 Apr 15 05:50:36
Morningstar Gives BBB Credit Rating to Pioneer Natural Resources $PXD http://t.co/Zeani59ptJ
Market Int Center
27 Apr 15 05:31:33
Pioneer Natural Resources $PXD Showing Support Near $171.36 ( http://t.co/sjSqQdWzKH )
Randy Redman
27 Apr 15 04:37:50
Watchlist for 4/27 based on options/TA, be mindful of earnings $BCC $FTK $MT $PXD $RUBI
Randy Redman
27 Apr 15 04:23:38
$PXD earnings 5/5 AMC; 190 looks like a magnet, liking current pattern; active Jun185c seem to agree http://t.co/OVVYv7iGNr
Tamtastic
27 Apr 15 03:52:05
Pioneer $PXD Natural Attracts Upside Bet - via @YahooFinance http://t.co/7RwExAog6h
Thudder & Wicks
27 Apr 15 00:12:42
$RRC $PXD These oil stocks will be taken out next: Analyst http://t.co/RVadUehPwO
Tamtastic
26 Apr 15 18:39:32
These oil stocks will be taken out next: $PXD $RRC. Analyst - via @YahooFinance http://t.co/Z4VSGebZj7 http://t.co/G5uLdtW0WY
chartguy89
26 Apr 15 12:14:17
PXD -0.61% Stock Charts $PXD Pioneer Natural Resources Co. (NYSE) Last Updated: 04/26/2015 14:14:18 PXD Stock http://t.co/3a5zOIFoBR
Capital Market Labs
26 Apr 15 10:54:03
Largest Oil, Gas and Consumable Fuels Operating Margin 1: $PXD 2: $DVN 3: $NBL Chart: http://t.co/IPNYH9W7a9 http://t.co/dP7aHJg4Sj
Oil Gas
26 Apr 15 08:13:38
RT @ValueDNA: US shale costs down 25-50%. Is oil the new nat gas with declining prices? http://t.co/938HvLinIN $pxd $oxy $hes $bp $cvx $clr
StockNewsWires
26 Apr 15 08:12:03
$RRC $PXD: These oil stocks will be taken out next: Analyst: http://t.co/kwffztJPoq
Confluence Capital
26 Apr 15 07:16:21
RT @ValueDNA: US shale costs down 25-50%. Is oil the new nat gas with declining prices? http://t.co/938HvLinIN $pxd $oxy $hes $bp $cvx $clr
James DiPlata
26 Apr 15 05:28:39
RT @ValueDNA: US shale costs down 25-50%. Is oil the new nat gas with declining prices? http://t.co/938HvLinIN $pxd $oxy $hes $bp $cvx $clr
valueDNA
26 Apr 15 04:27:24
US shale costs down 25-50%. Is oil the new nat gas with declining prices? http://t.co/938HvLinIN $pxd $oxy $hes $bp $cvx $clr
Alfred Ip
25 Apr 15 15:29:46
lots of indep $oil /gas comps setting up $cl_f looks good for intermediate bottom but times like this could get a big fake out $pxd $sm $su
Capital Market Labs
25 Apr 15 12:43:15
Largest Oil, Gas and Consumable Fuels Operating Margin 1: $PXD 2: $DVN 3: $NBL Chart: http://t.co/IPNYH9W7a9 http://t.co/LpkS3cCDoQ
Capital Market Labs
25 Apr 15 12:09:09
Largest Oil, Gas and Consumable Fuels Operating Margin 1: $PXD 2: $DVN 3: $NBL Chart: http://t.co/IPNYH9W7a9 http://t.co/Mc6i6NxjdB
StockEarnings.com
25 Apr 15 11:35:25
$PXD ER on 5/5 After Close. SP were DOWN 13 times out of last 21 qtrs (61%) in Earnings reactions http://t.co/6PkWldvxlQ
Stock Forums
25 Apr 15 10:29:34
$DD stock Prev Close Click Here: http://t.co/Cb4rrRmWJM Also See: $PXD $PNR $SINA $CPE #stockmarket #tradeideas ~
Investors Hangout
25 Apr 15 09:38:57
$PXD stock Chart Click Here: http://t.co/AScfPvsCfb Also See: $CCIH $FCSC $AWK $HRTG #stockmarket #tradeideas ~
Investors Hangout
25 Apr 15 09:28:07
$DFS stock Summary Click Here: http://t.co/BT9TXdPrby Also See: $ABX $DEO $PXD $GGSM #stockmarket #tradeideas ~
IH NASDAQ OMX
25 Apr 15 09:13:32
$ACHN stock Chart Click Here: http://t.co/u7YFwiwntK Also See: $PXD $KB $PKI $EE #stockmarket #invest #stocks #tradeideas ~
Sleek Money
25 Apr 15 09:05:19
Pioneer Natural Resources Receives Buy Rating from Jefferies Group $PXD http://t.co/amVXtoX1GE
Breaking News
25 Apr 15 09:00:14
$PXD: Pioneer Natural Resources Receives Buy Rating from Jefferies ...: http://t.co/RRpx4zfGGF
Christopher Dempsey
25 Apr 15 07:56:19
50% chance of lifting oil export ban this year: CEO http://t.co/dVRuYC8dD9 $EPD $PXD #OIL #SHALE
Stockaholics
24 Apr 15 23:26:19
We Have An Absolutely MASSIVE New Stock Pick Out! Get Early Access: http://t.co/P9qXvMc7W2 $JNPR $PXD $NVE
nasdaqfan
24 Apr 15 21:48:20
Stocks Trending Now: http://t.co/Hl6ZNuI4Hk $NRP $KB $ONTX $MHR $FTR $FBP $GSK $BAS $GENE $MCF $USNA $PXD ~
				
				
By  +Follow October 16, 2013 4:31PM
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