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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.

Global Markets On Edge With Both Sides Holding Firm In Debt Ceiling Negotiations

May 12, 2023
Barry Adams
Market anxieties are growing with the lack of progress on debt ceiling negotiations as both sides defend their positions and are in no mood to compromise.

Debt Ceiling Turmoil and Regional Bank Worries Keep Investors On Defensive

May 12, 2023
Barry Adams
Stocks lacked direction on the final day of a volatile week as focus shifts to debt ceiling uncertainties and wider fallout from the regional banking crisis.

With inflation Worries Receding, Debt Ceiling Negotiations Take Center Stage

May 11, 2023
Barry Adams
With receding worries of inflation and rate path, debt ceiling uncertainty is taking center stage as both parties avoid cutting outsized defense spending and subsidies for wealthy and large businesses.

PacWest Struggles Steady Deposit Outflows Since SVB and First Republic Failure

May 11, 2023
Scott Peters
PacWest Bancorp swung to a loss in the first quarter on account of non-cash goodwill impairment charges. The California-based bank suffered additional deposit outflows after the closure of First Republic Bank on May 1.

PACW

Stocks, Treasury Yields Fell After Wholesale Inflation Eased, Debt Ceiling Uncertainties

May 11, 2023
Barry Adams
Benchmark indexes turned lower after regional bank worries flared up after PacWest reported deposit outflow. Wholesale inflation index declined for the tenth month in a row after final demand for goods price index rose at a slower pace.

Tech Stocks Led Market Advance After Inflation Cooled In April

May 10, 2023
Barry Adams
The yield on short-term Treasury notes declined and tech stocks led the gainers after the inflation index eased for the tenth month in a row in April.



Muted Gains In Stocks After Stubborn Inflation Stoked Rate Hike Worries

May 10, 2023
Barry Adams
Headline inflation cooled in April and core inflation stayed stubbornly high, signaling well anchored inflation forces largely unaffected by ten rate hikes over the last fourteen months.