Login
Breaking News
Broadcom   RH   Adobe   Chewy   Dave & Buster's   Macy's   GE Vernova   Uber Technologies   GM  

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.

Debt Ceiling Talks In Focus Amid Cautious Optimism On Wall Street

May 18, 2023
Barry Adams
Optimism about the debt ceiling talks prevailed in early trading on Wall Street as investors await details of the agreement to avoid the catastrophic debt default.

S&P 500 and Nasdaq Rebound 1% After Biden and McCarthy Vow to Avoid Default

May 17, 2023
Barry Adams
Stocks accelerated gains on Wall Street after debt ceiling talks appear to be on track to reach an agreement and avert the looming federal government default on June 1.

Optimism Returned to Debt ceiling Talks, Housing Activities Fall

May 17, 2023
Barry Adams
Debt ceiling talks optimism lifted market sentiment on the hopes of an agreement as early as this weekend. U.S. Treasury yields trended higher and crude oil prices slightly rebounded.

Global Markets May Be Too Optimistic About U.S. Debt Ceiling Talks

May 16, 2023
Barry Adams
U.S. lawmakers may not have enough time to approve a yet to be finalized debt ceiling agreement as president Joe Biden prepares to travel to meet leaders of G7 and Quad nations.

Stocks In Holding Pattern, Treasury Debt Cost Rises as Debt Ceiling Standoff Continues

May 16, 2023
Barry Adams
U.S. stocks turned lower after the latest monthly retail sales data showed stretched consumer budgets and market sentiment was dented after Home Depot issued a cautious annual outlook.

Debt Ceiling Uncertainties Keep U.S. Stock Averages On Tight Leash

May 15, 2023
Barry Adams
Major indexes traded in a tight range as lawmakers struggled to bridge differences and avert the looming federal government shutdown in two weeks.



Stocks Meandered Amid Debt Ceiling Turmoil, EU Approves Microsoft's Acquisition of Activision Blizzard

May 15, 2023
Barry Adams
Stocks on Wall Street lacked momentum and direction and investors looked ahead to a resolution of debt ceiling negotiations.