Wall Street Closes with Small Gains, CBO Says Budget Deficit to Decrease in 2015
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JaysonPhotography/iStock/Thinkstock(NEW YORK) — Wall Street stayed mostly level on Monday, finishing the day slightly up, amidst reports detailing a shrinking budget deficit.
The Dow Jones Industrial Average gained 6.1 to 17678.70.
The Nasdaq climbed 13.88 to 4771.76, while the S&P 500 closed the session at 2057.09, up 5.27 from its open.
The Congressional Budget Office said on Monday that the budget deficit is projected to decrease in 2015, to the lowest point since President Obama took office. Overall, the deficit is expected to hold steady relative to the size of the economy through 2018. Beyond 2018, however, the CBO warns that rising deficits could gradually boost the deficit again.
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