- U.S. stock index futures rose on Tuesday as lawmakers tentatively agreed to raise the nation's debt limit to avert a default, while shares of Nvidia led an early rally among chipmakers and AI-related firms.
U.S. President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy on Sunday signed off on an agreement to temporarily suspend the debt ceiling and cap some federal spending.A handful of Republican lawmakers have said they will oppose it, in a sign that the bipartisan agreement could face a rocky path through Congress.
Reflecting investor optimism, the cost of insuring exposure to a U.S. debt default fell further on Tuesday, while yields on longer-dated U.S. Treasuries fell. [US/] "While the initial reaction is likely to be positive, sentiment will be tempered by the fact that the deal is not yet over the line," said Richard Hunter, head of markets at interactive investor.gained 3.3% in premarket trading after it said on Monday it was building Israel's most powerful AI supercomputer to meet soaring customer demand for AI applications.
The world's most valuable chipmaker is on track to breach $1 trillion in market capitalization for the first time.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: WSJ - 🏆 98. / 63 Read more »