Stocks soar 1% on hopes for budget deal in DC; all S&P sectors rally

Stocks spiked near session highs Wednesday, erasing the previous session’s sharp selloff, as investors remained encouraged that lawmakers would strike a last-minute deal to prevent the country from defaulting on its debt. Major averages took a leg higher after Reuters reported that U.S. Senate ne…

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Stocks soar 1% on hopes for budget deal in DC; all S&P sectors rally

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