The Dow gaining about 14 points, or 0.1 percent, and the Nasdaq and S&P gaining closer to 0.5 percent in the first few minutes of trading Tuesday morning. And about an hour after the markets were open the Dow was up almost 60 points.
Political analyst for TheStreet.Com Joe Deaux tells McIntyre in the Morning on KABC, that economist are not worried about the Government shutdown.
"Maybe there will be a shutdown but in the short term that's not something that would immediately hit the pocket books in the economy," said Deaux. "Its when you get prolonged your looking at two weeks or more people start to wonder what's going on."
What is selling at an unusual rate is gold. Deaux said people buy into it when there's a time of crisis. One would think the government is shutdown so that would make sense. He said if the shutdown went on for to long there would be an effect on GDP.
"Which is anti-inflationary and so anti-inflationary would hurt gold."
Deaux said that's just one of many different factors.
Some analysts also hope that an inevitable resolution of the shutdown would help avert a default on the debt ceiling, which the U.S. will reach Oct. 17.