As it became clear throughout the day that the Congress was going to resolve both the government shutdown and the looming debt-ceiling crisis, Wall Street began feeling its oats. The S&P 500, Dow Jones industrial average and Nasdaq all rose more than 1 percent on the day.
The rally was remarkably broad-based. All ten of the SP 500's industrial sectors were up at least 0.6 percent on the day, with the financials leading the way. For the year, a whopping 443 of the S&P 500 companies have shown gains. If that holds up, it would be the highest number since that figure was first compiled 23 years ago; the highest on record so far is 1997, when 436 companies increased in share price.
And of course, the key volatility gauge, which had been spiking up earlier this week, made a sharp downward move. The VIX index dropped by 21 percent in a single day, its biggest one-day drop in more than two years.
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