Stock Market News Today: Indexes climb on debt-ceiling optimism

US stocks climbed Wednesday as investors cheered encouraging developments on the debt ceiling negotiations between President Joe Biden and lawmakers in Washington, DC.

After a Tuesday afternoon meeting between Biden and congressional leaders, House Speaker Kevin McCarthy said that there's an improved process for further talks, and that it's"possible to get a deal by the end of the week." Biden had cancelled part of an overseas trip to prioritize the negotiations, the White House said.

"I think at the end of the day we do not have a debt default," McCarthy told CNBC on Wednesday."I think we finally got the president to negotiate." Treasury Secretary Janet Yellen has warned repeatedly of the nearing so-called"X-date," when the government defaults on its debt. Yellen said it could happen as early as June 1, and that the event would

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: S&P 500 finishes higher after weekly slumpsUS stocks edge higher as investors await updates on debt ceiling negotiations
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market news today: Markets eye renewed debt ceiling talksUS stocks fall ahead of renewed debt ceiling talks in Washington
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market news today: Debt ceiling showdown outweighs tech rallyUS stocks trade lower as debt ceiling showdown outweighs strength in mega-cap tech
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market today: Global stocks trade mixed amid worries about China, US economiesGlobal shares were trading mixed Wednesday as Japan’s benchmark jumped on the news of solid economic growth data, while the rest of Asia was mired in uncertainty.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: World shares mixed after China economic data weaker than expectedEuropean shares were trading mostly higher after a mixed session in Asia following the release of data showing China’s economy is weaker than expected, with domestic demand failing to bounce back as much as hoped for after the pandemic.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock Market Today: Dow loses ground after Home Depot sales miss; debt-ceiling talks awaitedMarketWatch Live: Stocks dip as Wall St.’s attention turns to debt-limit meeting
Source: MarketWatch - 🏆 3. / 97 Read more »