Wall Street Hunters

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Stocks close near session highs on budget optimism, S&P passes 1700 $SPY $SPX

..Stocks pushed to another strong finish, with the Dow and S&P scoring their first weekly gain in three weeks, as investors grew more confident that Washington would hammer out a deal to raise the debt limit and reopen the government.

..All key S&P sectors closed higher, boosted by energy and techs, but sentiment was tempered by mixed earnings reports from JPMorgan Chase and Wells Fargo.

..The yield on 10-year Treasurys slipped to 2.663%; the bond market will be closed Monday for the Columbus Day holiday.

..Crude oil prices slid 1.2% to $101.83 after the IEA predicted strong growth in non-OPEC supply next year; gold plunged 2.2% to $1,268.20 as the risk-on trade returns.