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Hargreaves' quarterly update came before the broker suffered problems with its internet and phone trading systems at the end of last week. A number of its customers struggled to sell their shares on the first day of conditional trading last Friday (October 11).

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The benchmark Standard & Poor's 500 Index surged more than 1.5 percent on Thursday after Republicans in the House of Representatives unveiled a plan that would avert a debt default. The Treasury Department says it would be unable to pay all of its bills if Congress does not raise the $16.7 trillion debt ceiling by October 17.

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