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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
Capital Market Labs
30 Mar 15 18:58:51
Largest Oil, Gas and Consumable Fuels Highest Risk per Option Market 1. $PXD 2. $ETE 3. $VLO Full Chart: http://t.co/v0ioYyonw5
Penny Stockington
30 Mar 15 18:56:08
Our Penny Stock Pick On $THCZ Is Up Over 400% So Far! Big News: http://t.co/SlU3u7rKnL $JNPR $PXD $NVE
Lucky Jimmy
30 Mar 15 15:51:05
PXD Stock up +1.77% percent Today $PXD High is at 167.06 and the Low 163.64 with current volume of 1,328,074. http://t.co/SrtJTQMcxb
Lucky Jimmy
30 Mar 15 15:50:43
$PXD PXD up +1.77% percent Today $PXD Stock High is at 167.06 and the Low 163.64 with current volume of 1,328,074. http://t.co/ndXbbAhHK0
valdemir barbosa
30 Mar 15 15:04:39
RT @FinSentS_SP500: $PXD:US Why Pioneer Natural Resources' Turnaround Should Continue #PIONEER NATURAL RESOURCES CO http://t.co/883sYFI0bK…
Penny Stocks Blog
30 Mar 15 13:57:51
RT @chaikintools: How to Know Which Stocks to AVOID Like Classic Bears $P & $PXD -Take Control of your @investing https://t.co/4N4vwF6PL2…
Michael Zammuto
30 Mar 15 13:46:54
RT @chaikintools: How to Know Which Stocks to AVOID Like Classic Bears $P & $PXD -Take Control of your @investing https://t.co/4N4vwF6PL2…
Capital Market Labs
30 Mar 15 13:38:59
Largest Oil, Gas and Consumable Fuels Risk per Option Market 1. $PXD 2. $ETE 3. $VLO Full Chart: http://t.co/v0ioYyonw5
Chaikin Power Tools
30 Mar 15 13:35:40
How to Know Which Stocks to AVOID Like Classic Bears $P & $PXD -Take Control of your @investing https://t.co/4N4vwF6PL2 #stocks #trading
Catalyst Trader
30 Mar 15 12:41:58
@Catalystrader $PXD breakout today. Looking for $200 over time. Check out charts I have been posting.Nice long base gives much higher prices
Stockaholics
30 Mar 15 12:22:18
Our Stock Tips Have Gained Over 230% Within 2 Days! Huge News: http://t.co/FW1zCk5dfw $JNPR $PXD $NVE
Reza Panah
30 Mar 15 12:12:35
$PXD Nice #Candle on break out - Holding above resistance & green. Those were +ve points. The -ve is #volume is low! http://t.co/ThBGGgzwUp
Reza Panah
30 Mar 15 11:59:42
$PXD Nice #Candle on break out - Holding above resistance & still green. Those were the +ve points. -ve is that #volume is not enough !
Breaking News Now
30 Mar 15 11:55:03
$PXD: Analysts Set Pioneer Natural Resources Company (NYSE:PXD ...: http://t.co/4AXxnfItSC
stockschamp
30 Mar 15 11:41:06
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here http://t.co/8WvnrVmkBS .. $JNPR $PXD $NVE
StockenheimerSchmidt
30 Mar 15 11:13:16
$RCGP tripled in value within 2 days as of yesterdays high! high! Big News: http://t.co/RWkbY02YnU $JNPR $PXD $NVE
Penny Stock Secret
30 Mar 15 10:47:35
This Guy Is Making Millions! Watch This Video Proof Here At http://t.co/NovWYe2RAx .. $PWR $PX $PXD
Energy Shots
30 Mar 15 06:20:27
RT @davidmoble: My top 4 stocks today were $BIIB $SAM $RH and $PXD - all up more than 3%. healthcare-consumer goods-services-energy
John Turner
30 Mar 15 06:05:24
$PXD Pioneer Natural Resources: A Survivor Amid The Oil Onslaught http://t.co/nvr9DgJnTl
BreakingStocksNews
30 Mar 15 06:00:04
$PXD: New SEC Filing for PXD: Form 8-K (No. 0001038357-15-000018): http://t.co/XSrrP3uyn4
$Stocknewsalerts
30 Mar 15 05:59:14
$PXD ALERT: New Pioneer Natural Resources Company SEC Filing From our Stock News Alerts App
New SEC Filings
30 Mar 15 05:59:07
NEW SEC Filing for $PXD filed a moment ago: http://t.co/o28DcYHssi http://t.co/agVTe7Y80q
BV Basic Materials
30 Mar 15 05:57:04
$PXD Pioneer Natural Resources Co files Form 8-K (Events or Changes Between Quarterly Reports) SEC Fil.. http://t.co/jQxxzZ5b1j
ProVesting
30 Mar 15 04:41:03
$PXD: Large Cap Stocks to Track - Pioneer (PXD), Devon (DVN), Spectra ...: http://t.co/nj9Y7clspA
Roberee
30 Mar 15 04:14:41
Watch Four Years of Oil Drilling Collapse in Seconds. $EOG $PXD $WLL http://t.co/v5JuooOWXr
Stock Dawgzz
30 Mar 15 03:11:38
Our Penny Stock Alerts Have Gained Over 1600% In THe Past 4 Months! Subscribe Today: http://t.co/nsMnuzW59n $JNPR $PXD $NVE
Capital Market Labs
30 Mar 15 02:25:48
Largest Oil, Gas and Consumable Fuels Risk per Option Market 1. $PXD 2. $ETE 3. $VLO Full Chart: http://t.co/v0ioYyonw5
Capital Market Labs
30 Mar 15 00:25:51
Largest Oil, Gas and Consumable Fuels Risk per Option Market 1. $PXD 2. $ETE 3. $VLO Full Chart: http://t.co/v0ioYyonw5
Stock Rocket
30 Mar 15 00:02:51
Our Penny Stock Newsletter Picks Gained Over 1485%! Huge Update: http://t.co/cDuleLERch $JNPR $PXD $NVE
Penny Stockington
29 Mar 15 23:44:37
Our Penny Stock Pick On $RCGP Gained As Much As 236% In 2 Days! Get Our Next Pick Early: http://t.co/22aEoRaezM $JNPR $PXD $NVE
StockenheimerSchmidt
29 Mar 15 17:20:01
$RCGP tripled in value within 2 days as of yesterdays high! high! Big News: http://t.co/RWkbY02YnU $JNPR $PXD $NVE
TV_Trading Ideas
29 Mar 15 17:16:24
Pioneer Nat Res $PXD http://t.co/uJXAfXgzN0
Isaac Figueroa
29 Mar 15 17:16:24
$PXD chart: Pioneer Nat Res. http://t.co/TFH7KLDiEQ
Stock Rocket
29 Mar 15 15:46:33
Our Penny Stock Newsletter Picks Gained Over 1485%! Huge Update: http://t.co/cDuleLERch $JNPR $PXD $NVE
FinSentS SP500
29 Mar 15 15:14:33
$PXD:US Why Pioneer Natural Resources' Turnaround Should Continue #PIONEER NATURAL RESOURCES CO http://t.co/883sYFI0bK #SP500
Penny Stockington
29 Mar 15 15:01:00
Our Penny Stock Pick On $RCGP Gained As Much As 236% In 2 Days! Get Our Next Pick Early: http://t.co/22aEoRaezM $JNPR $PXD $NVE
Stock Dawgzz
29 Mar 15 14:04:48
Our Penny Stock Alerts Have Gained Over 1600% In THe Past 4 Months! Subscribe Today: http://t.co/nsMnuzW59n $JNPR $PXD $NVE
Stockaholics
29 Mar 15 14:02:43
Our Stock Tips Have Gained Over 230% Within 2 Days! Huge News: http://t.co/FW1zCk5dfw $JNPR $PXD $NVE
dailystockplays.com
29 Mar 15 09:32:59
Bollinger Squeeze http://t.co/NY37SGqhmK $CBS $LYB $CNP $BIDU $TMUS $MBT $AXAS $PXD $NOC $FXCM $BWA $SUSQ $KING $DLPH
FinSentS SP500
29 Mar 15 07:11:14
$PXD:US Why Pioneer Natural Resources' Turnaround Should Continue #PIONEER NATURAL RESOURCES CO http://t.co/2Wc5PQML9E #SP500
Sleek Money
29 Mar 15 06:20:35
Pioneer Natural Resources Receives $216.20 Consensus PT from Analysts $PXD http://t.co/eSvbRLH6zm
FinSentS SP500
28 Mar 15 23:08:15
$PXD:US Why Pioneer Natural Resources' Turnaround Should Continue #PIONEER NATURAL RESOURCES CO http://t.co/60qgC7A3WD #SP500
pretty_darn_tasty
28 Mar 15 20:58:13
RT @OphirGottlieb: Largest Oil, Gas and Consumable Fuels Return on Assets (ROA) 1. $PXD 2. $MPC 3. $VLO Full Chart: http://t.co/XJKBJJXvpW
Ophir Gottlieb
28 Mar 15 20:47:16
Largest Oil, Gas and Consumable Fuels Return on Assets (ROA) 1. $PXD 2. $MPC 3. $VLO Full Chart: http://t.co/XJKBJJXvpW
Tyner Land Solutions
28 Mar 15 19:30:37
Why Pioneer Natural Resources' Turnaround Should Continue $PXD http://t.co/yAVTmAi8bh
Capital Market Labs
28 Mar 15 19:26:37
Largest Oil, Gas and Consumable Fuels Operating Margin 1. $PXD 2. $DVN 3. $KMI Full Chart: http://t.co/cmYrRrOi5l https://t.co/VPsYRMKq5h
Alpha Maven
28 Mar 15 18:31:39
RT @SeekingAlpha: Why Pioneer Natural Resources' Turnaround Should Continue http://t.co/5zognZ6E2W $PXD
Jason Olive
28 Mar 15 18:22:21
RT @SeekingAlpha: Why Pioneer Natural Resources' Turnaround Should Continue http://t.co/5zognZ6E2W $PXD
Alysia Sarkisian
28 Mar 15 18:18:05
RT @SeekingAlpha: Why Pioneer Natural Resources' Turnaround Should Continue http://t.co/5zognZ6E2W $PXD
NASDAQ
28 Mar 15 18:16:02
$PXD - Why Pioneer Natural Resources' Turnaround Should Continue http://t.co/mGZUfec9gL
				
				
By  +Follow October 16, 2013 4:31PM
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