U.S. Stocks Open Higher on Jobs News, Asian Markets Rally

U.S. stocks opened higher Wednesday as Asian markets rebound.
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U.S. stocks opened higher Wednesday as Asian markets rebound. Today is the final day of the third quarter, which is shaping up to be the worst quarter for stocks since 2011. Wall Street will have one eye on Washington D.C. Republicans and Democrats are taking it down to the line to reach a budget agreement before the midnight deadline for a government shutdown. Costco (COST) sales were hit by lower fuel prices and the strong U.S. dollar. Gap Stores (GPS) has been downgraded by Mizuho, due to the loss of the Old Navy CEO who will take over the Chief Executive position at fashion house Ralph Lauren. ADP, the payroll company, said 200,000 new positions were created in the U.S. economy in September. Big businesses were the major job creators this month, which is a switch. It's been small companies, with less than 50 employees, who have driven most job growth since the recession. Target (TGT) will match rivals online prices starting tomorrow. Target is also allowing customers 14 days, instead of 7, to get a price adjustment.