US stocks slid Friday as investors assessed the outlook on the US debt ceiling crisis. All three major indexes ended the day lower, with the S&P 500 notching its second straight losing week.
President Joe Biden was scheduled to meet with other lawmakers on Friday to discuss a possible solution to the debt ceiling crisis, though talks have been postponed until next week.
The University of Michigan consumer sentiment survey dipped to 57.7 in May, its lowest level in six months. Meanwhile, inflation expectations over the next five years rose to 3.2%, the highest level the survey recorded since 2008.
Canada Canada Latest News, Canada Canada 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: Tech stocks rise as inflation coolsUS stocks trade mixed as investors assess cooler April inflation data
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market news today: US weekly jobless claims jump to 2021 levelsUS stocks dip after renewed banking concerns and rise in jobless claims
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market news today: Jobless claims spike reignites recession fearsUS stocks trade mostly lower as fresh economic data spurs new recession fears
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market news today: Indexes climb but head for weekly lossUS stocks climb but head for a weekly loss as investors weigh debt-ceiling talks
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: wjxt4 - 🏆 246. / 63 Read more »
Source: KPRC2 - 🏆 80. / 68 Read more »