Stocks Gain This Week Despite Impasse over Government Spending Cuts
(NEW YORK) — Stocks called it a week with a gain, despite the continuing impasse over government spending cuts.
The Dow overcame a triple-digit deficit to close up 35 points at 14,090. The Nasdaq added 10 points and the S&P gained 4.
Two airlines were among the stocks that really took off Friday, with Delta and United-Continental hitting all time highs.
In spite of tax increases and soaring gas prices, Americans bought a lot of cars last month. General Motors, Ford and other automakers posted strong sales gains in February—at least 7 percent in most cases. The one exception was Nissan, down 7 percent from a February 2012 record.
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