No medical device tax repeal as Senate reaches deal to end shutdown
U.S. stock markets rally on news that the Senate has reached a deal to end the federal shutdown and avoid default on the government's debts, but the measure won't repeal or delay the medical device tax.
Senate leaders reached a deal to end the federal shutdown and avoid default on the U.S. government's debts, Politico is reporting, sending U.S. stock markets up.
The Dow Jones index rose 1.3% to 15,371.08, the S&P 500 jumped 1.4% to 1,721.18 and the NASDAQ exchange posted a 1.2% increase to 3,837.93 after the news broke today.
The U.S. House immediately began to debate the Senate deal, brokered by majority leader Sen. Harry Reid (D-Nev.) and minority leader Sen. Mitch McConnell (R-Ky.), Politico reported, citing "several sources familiar with the talks."