Budget Deal Hopes Push Markets Higher on Monday (NFLX, AAPL)

Several signals of progress in Washington pushed stocks higher on Monday. There are just three days before the US hits the debt ceiling and investors are betting that a deal will soon be reached. Netflix (NFLX) was trending today on word that the company may be negotiating a cable deal with major operators in the US. Macy's (M) announced that they will be opening on Thanksgiving for the first time. Expedia (EXPE) fell almost 7% on a recent stock downgrade.
Many are looking ahead to quarterly reports from Citigroup (C), Coca-Cola (KO) and Intel (INTC), all scheduled for Tuesday. The Chinese yuan hit a new record high against the dollar while the US currency reached an intraday high against the Japanese yen.

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Published on Oct 14, 2013
By InvestorGuide Staff

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