Article updated: 11/16/2012 4:51 PM

Stocks finish higher on optimism over budget talks

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House Speaker John Boehner of Ohio, center, followed by Senate Majority Leader Harry Reid of Nev., left, and Senate Minority Leader Mitch McConnell of Ky., approaches the the microphones Friday outside the White House.

Associated Press

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The market started lower Friday but spiked higher shortly before midday as the top members of the House and Senate spoke at the White House following a closed-door session with Obama. House Speaker John Boehner and Senate Minority Leader Mitch McConnell both said they offered higher tax revenue as part of a deal.