By and  on March 1, 2013

Investors on Wall Street Friday ignored pending federal government budget cuts after lawmakers failed to reach a compromise, suggesting they had already priced in the sequester and figured it was better than a complete government shutdown.

The Dow Jones Industrial Average rose 0.3 percent to 14,089.66, while the S&P 500 Retailing Industry Group rose 0.7 percent to 709.82.

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