Stocks opened higher ahead of the long holiday weekend and kept climbing into the close. Lifting investor sentiment were reports of progress being made on the debt ceiling front, though no deal had been announced by the time the closing bell rang Friday.
House Speaker Kevin McCarthy told reporters this morning that negotiators "worked through the night" to make progress on a deal, and was hoping to keep the momentum going today. "It's really coming down to one thing: This is about spending," McCarthy said.
