Wall Street Ends With Solid Gains; Investors Hail US Debt-Ceiling Truce

Wall Street Ends With Solid Gains; Investors Hail US Debt-Ceiling Truce
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 04, 2021. Spencer Platt/Getty Images
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Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month.

Mega-cap stocks jumped with Apple Inc. up 0.9 percent and Amazon.com Inc. rising 1.2 percent, the biggest boosts to the S&P 500 and Nasdaq. Tesla and Google-parent Alphabet both rose more than 1 percent.