Growing debt ceiling deal hopes send stocks higher By Reuters

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⚠️BREAKING: *S&P 500 NOTCHES HIGHEST CLOSE SINCE AUGUST AS U.S. STOCKS RALLY ON HOPES FOR DEBT CEILING DEAL $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸

Walmart shares gained 1.30% to $151.47 after the retail giant reported better-than-expected first-quarter earnings and boosted its 2023 sales and profit outlook.

Economic data showed the number of Americans filing new claims for jobless benefits fell more than expected last week, suggesting the labor market remains tight, giving the Fed more cushion to continue raising rates.

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