Loan Digest

Shares mixed, Nvdia surge offset by jitters over debt ceiling vote

  • 📰 Reuters
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Stocks on Wall Street were mixed on Tuesday, pressured by worries about Republicans who oppose a deal to raise the $31.4 trillion debt ceiling but supported by another surge in Nvdia shares that lifted the chipmaker into the rare club of companies valued at $1 trillion.

Over the weekend, U.S. President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy agreed to temporarily suspend the debt ceiling and cap some federal spending.

McCarthy said on Tuesday that the deal should be "easy" for Republicans to vote for and was likely to pass. Federal Reserve rate hikes to fight stubborn inflation are denting economic growth and corporate profits, leaving about 20 companies to drive a 10% total return for the S&P 500 so far this year, Saglimbene said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in LOANS

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.

Stocks Mixed As Debt Deal Awaits Key House Meeting; Netflix Jumps, Disney DipsStock indexes are mixed Tuesday after President Joe Biden and House Speaker Kevin McCarthy hashed out debt deal over the long weekend, one that now faces a key committee approval to get to the floo…
Source: DEADLINE - 🏆 109. / 63 Read more »

Asian stocks rise, Nikkei at 33-year high on debt ceiling optimism By Investing.com⚠️BREAKING: *ASIAN STOCKS RISE TO START THE WEEK AS U.S. DEFAULT FEARS EASE, NIKKEI JUMPS TO 33-YEAR HIGH
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks rise on US debt ceiling deal but China dragsAsian shares and Wall Street futures rose as a weekend deal by Biden and McCarthy provided relief for investors.
Source: Reuters - 🏆 2. / 97 Read more »