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October 7, 2021

Stocks edge higher after early slide

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks recovered from an early slide on Wall Street to close with modest gains Wednesday as investors held out hope that Congress may yet be able to temporarily extend the federal government's debt ceiling and buy lawmakers time to reach a more permanent resolution.

The market rallied back from a morning loss shortly after Senate Republican leader Mitch McConnell offered Democrats an emergency short-term extension to the federal debt ceiling into December.


 
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