Stocks End Higher After Debt-Limit Extension Deal – The Wall Street Journal

Major U.S. stock indexes rose Thursday after Senate Majority Leader Chuck Schumer said lawmakers had reached a deal on a short-term debt-limit extension, potentially putting off a government default standoff for a couple of months.

Stocks rallied following Sen. Schumer’s remarks from the Senate floor before closing below their session highs. While the Senate must still vote on the deal, investors appeared ready to remove the debt ceiling as an obstacle to further gains. Shares of technology companies, energy firms and others were up.