A sign for Wall Street is seen just outside the New York Stock Exchange.(Photo: Timothy A. Clary, AFP/Getty Images)
NEW YORK (AP) - The prospect of more economic stimulus from the Federal Reserve has pushed the S&P 500 index to a fourth consecutive record close.
The government's September job numbers came in lower than expected, and the White House says October is likely to be worse thanks to the government shutdown. Employers added 148,000 jobs last month, down from a revised August figure of 193,000. But that has economists at Barclays predicting the Federal Reserve won't trim its bond purchases until March, and that's what encouraged investors.
The S&P 500 rose 10 points, or 0.6 percent, to close at 1,754 Tuesday.
The Dow rose 75 points, or 0.5 percent, to 15,467. The Nasdaq composite was up nine points, or 0.4 percent, at 3,929.
In government bond trading, the yield on the 10-year Treasury note fell to 2.52 percent from 2.60 percent late Monday.