Topic: Frank Davis
Stocks posted modest gains Friday, driven by budding optimism among traders that Washington's bickering politicians can reach an agreement on the budget and on increasing the government's borrowing limit soon.
Stocks pulled back from record highs Thursday as investors tried to figure out what to do after the Federal Reserve's decision to keep its economic stimulus in place. Despite the pullback, stocks are on pace to have their best month in nearly two years.
Stocks closed up to end the week Friday with the Dow Jones industrial average notching its best week since January. Two economic reports boosted stocks to close the week.