Dow climbs 150 points amid shutdown resolution

By Around the Web

(CNBC) U.S. stocks rose on Friday as investors looked past a poor Intel earnings report, instead focusing on a partial government shutdown solution.

President Donald Trump announced that he reached a continuing resolution deal with Congress to reopen the U.S. government. The temporary deal will fund the government for three weeks until Feb. 15.

The Dow Jones Industrial Average climbed 175.72 points, aiming for its fifth consecutive week of gains. The S&P 500 also rose nearly 1 percent, while the Nasdaq Composite moved higher as constituent Starbucks gained on strong earnings.

Major indexes pared their gains slightly after Trump made the official announcement, as some traders were disappointed that it wasn’t a more comprehensive agreement.

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