Stock investors stayed optimistic Tuesday in the face of the government shutdown, surmising that it would not outlast the week. But they could barely conceal their contempt for Washington lawmakers unable to compromise and at risk of causing further mayhem in the coming weeks.
“It’s not just furloughed workers getting no pay,’’ said Allen Sinai, chief global economist and strategist at Decision Economics Inc. in New York. “It’s the uncertainty of what’s going on and what is to come, and a poisonous atmosphere in Washington like I’ve never seen before.’’
The Dow Jones industrial average rose 62 points, closing at 15,191.70, after slumping twice that much Monday. Sinai is bullish on stocks, but urged caution on putting more money into the market until after the shutdown and debt ceiling are resolved. Full story for BostonGlobe.com subscribers.
Beth Healy can be reached at Beth.Healy@globe.com.