Login
Breaking News
Walmart   Lowe's Companies   Super Micro Computer   Berkshire Hathaway   marriott   Apple Inc.   Carnival Corp.   Intel   Exxon Mobil  

Debt Bill Moves to Senate, Stocks Attempt Rebound On Wall Street

Jun 1, 2023
Barry Adams
Stocks rebounded on Wall Street as investors shifted focus from debt ceiling debate to rate path after the House approved the suspension of debt limit for the next two years.

U.S. House Vote Uncertainties Kept Indexes Lower, Nasdaq Jumped 6% In May

May 31, 2023
Barry Adams
Stocks accelerated decline in the final hour of trading as investors awaited the House vote results later this evening. Major averages trimmed gains on the final day of the month after tech stocks led the gainers.

Market Indexes Turned Volatile Ahead of House Vote, Oil Extended May Loss to 10%

May 31, 2023
Barry Adams
Benchmark indexes lacked direction in cautious trading as investors looked forward to debt ceiling debate in the full House of representatives today. Crude oil extended monthly losses on China demand worries.

Debt Deal Faces Tough Road Ahead Amid Rising GOP Criticism, Crude Oil Dropped 4%

May 30, 2023
Barry Adams
Stocks, bonds and commodities turned cautious as investors weighed the odds of the bill passing the Republican-led House and Democrat-controlled Senate. Crude oil fell 4% but short term Treasury yields edged lower.

Stocks Advanced On Wall Street as Debt Deal Moves to Congress

May 30, 2023
Barry Adams
Stocks on Wall Street traded higher as lawmakers are set to vote on the bipartisan debt deal between the White House and Republican leaders. Treasury yields edged slightly lower but crude drifted lower on China demand growth worries.

Economic Vitality and Potential Debt Deal Power U.S. Markets Advance

May 26, 2023
Barry Adams
Market averages scaled higher on Wall Street after the latest update on durable goods orders, personal income and spending and inflation confirmed the health of the economy. Apparent progress in the debt ceiling standoff also supported market optimism.

Stocks Extend Gains On Debt Deal Optimism, Inflation Stays Elevated

May 26, 2023
Barry Adams
U.S. markets averaged extended gains on the optimism surrounding debt ceiling talks. Treasury yields advanced and 30-year bonds traded at 4.0% after the Fed's preferred inflation measure accelerated in April.



Stocks Rally On Wall Street While Mood In Washington Sours

May 25, 2023
Barry Adams
U.S. debt ceiling talks took a harder tone after the Republican faction in the House expanded the demand list that requires sharp cuts in discretionary spending but preserves military spending. Tech stocks led the market advance after Nvidia lifted its revenue guidance.

White House and Republicans Struggle to Find Compromise and U.S. Debt Rating On Negative Watch List

May 25, 2023
Barry Adams
One of the three leading debt rating agencies belatedly placed the U.S. government debt rating on a watch list with negative implications. Two other leading agencies are still wavering, as the U.S. debt ceiling talks show lack of progress amid wide rift between the White House and the Republican leaders.

S&P 500 Extend Losses On Dimming Prospects of Last Minute Debt Deal

May 24, 2023
Barry Adams
Benchmark indexes extended losses as negotiators struggled to find a common ground with the U.S. federal government default estimated only seven days away. The yield on 2-year Treasury notes stayed above 4%.

With U.S. Debt Ceiling Talks Entering Critical Phase, Investors Face Rising Risks of U.S. Debt Default

May 24, 2023
Barry Adams
Stocks ran in the headwinds of debt ceiling talks with neither side ready for a compromise, suggesting that if there is a deal it will be struck only at the last minute. Global markets are bracing for elevated volatility as the unknown debt default deadline approaches.

U.S. Stocks In Holding Pattern With All Eyes On Debt Ceiling Talks

May 22, 2023
Barry Adams
Stock futures were flat in early trading as investors await an update on the debt ceiling talks. The U.S. continued to trade higher and extended a two-week rally.

Stocks Wavered, Treasury Yields Spiked After Debt Ceiling Talks Hit Realities and Approach Deadline

May 19, 2023
Barry Adams
Amid growing anxieties as the deadline for the U.S. debt ceiling talks approached, stocks on Wall Street wavered, Treasury yields advanced and financial markets turned volatile. Market indexes in Japan, India, Germany and France closed at or near record highs.

S&P 500, Nasdaq Indexes Near One Year Highs, Treasury Yields Advanced After Rate Hike Worries Resurfaced

May 19, 2023
Barry Adams
Benchmark indexes extended weekly rally and the Nasdaq index traded near a one-year high and the S&P 500 index near a 9-month high on debt ceiling talk optimism. The yields on 2-year and 10-year Treasury notes advanced to 2-month highs after rate hike worries resurfaced.



Wall Street Pins Hopes On U.S. Debt Deal This Weekend, S&P 500 and Nasdaq Extend 2-day Rally

May 18, 2023
Barry Adams
Stocks on Wall Street extend gains for the second day in a row on the hopes that the U.S. debt ceiling talks are entering the final phase before the House vote as early as next week. Markets in Europe and Asia traded at or near record highs.