Wall Street drifted a bit higher after a day of mixed trading. The S&P 500 added 0.3% Monday. The Dow Jones Industrial Average edged up 0.1%, and the Nasdaq composite rose 0.5%. All three are near their all-time highs set a week ago. Technology stocks recovered some of their losses from last week, while oil companies sank with the price of crude. This week’s highlight for Wall Street is scheduled for Friday, when the latest monthly update on the job market is due. The hope is for modest numbers that will keep the Federal Reserve on track to cut interest rates.
Democratic and Republican congressional leaders are at the White House for a meeting with President Donald Trump on Monday, in a late effort to avoid a government shutdown. If government funding legislation isn’t passed by Congress and signed by Trump on Tuesday night, many government offices across the nation will be temporarily shuttered and nonexempt federal employees will be furloughed. Republicans are daring Democrats to vote against legislation that would keep government funding mostly at current levels, but Democrats have held firm. They’re using one of their few points of leverage to demand Congress take up legislation to extend health care benefits.
An attorney for the 22-year-old man charged with killing Charlie Kirk has asked a judge for more time to review the large amount of evidence before deciding if the defense will seek a preliminary hearing. Prosecutors have charged Tyler Robinson with aggravated murder. They plan to seek the death penalty. A preliminary hearing would determine if there is enough evidence against Robinson to go forward with a trial. A brief hearing was held Monday in Provo. It was just a few miles from the Utah Valley University campus where the Sept. 10 shooting occurred. The judge set the next hearing for Oct. 30.
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