FILE - In this Wednesday, Sept. 18, 2013, file photo, specialist Christopher Culhane works at his post on the floor of the New York Stock Exchange after the Federal Reserve announcement. Traders are shrugging off the partial shutdown of U.S. government operations on Tuesday, Oct. 1, 2013, sending stock futures higher. (AP Photo/Richard Drew)
Tuesday, October 01, 2013 9:51 am
Markets shrug off partial government shutdown
The Associated Press
The Dow Jones industrial average rose 12 points, 0.1 percent, to 15,141 points in the first few minutes of trading Tuesday.
The Standard & Poor's 500 index was up five points, or 0.3 percent, to 1,687. The S&P has lost ground seven of the past eight trading days.
The Nasdaq composite index was up 16 points, or 0.4 percent, to 3,787.
Walgreen rose $1.26, or 2.3 percent, to $55.08 after the largest U.S. drugstore chain reported that its earnings soared 86 percent.
Merck led the Dow higher after saying it would cut 8,500 jobs and move its headquarters to save costs. Merck rose $1.01, or 2 percent, to $48.61.