Recapping the day's news and newsmakers through the lens of CNBC.
Investors were thrilled by today's apparent resolution of the government shutdown and debt-ceiling fight, driving the markets up by more than one percent. But some analysts caution against expecting stocks to keep on keeping on. As attention returns to mundane things like corporate performance, investors may notice that fewer companies are beating earnings projections than in recent quarters, and that earnings are expected to rise at a weak 2 percent pace in the near future. The economy is slower than many had expected it to be by now, and there's still uncertainty over when the Federal Reserve will start trimming the bond-buying program that has helped boost stock prices.
"If there's a deal tonight, I think you're going to get a little bit of selling on the news. You've got the realization that the earnings season thus far has been ignored and is lackluster. We're going to get the 'all clear' signal from Washington, but we're not going to get the 'all clear' signal from corporate America."—Art Hogan of Lazard Capital Markets.
"The minute we start focusing on earnings and revenues, our market could be vulnerable."—Jack Ablin, CIO of BMO Private Bank