Stock market today: Asian stocks follow Wall St higher on hopes for U.S. debt deal

Get the latest newsletters right to your inbox

Speaker Kevin McCarthy of the House of Representatives said Tuesday the two sides were far apart but could reach a deal by the end of the week. The U.S. government will run out of cash if they don't agree by June 1 to increase its borrowing limit. Stocks of companies that get much of their revenue from the federal government, and thus may have much to lose if it can't pay its bills, rose Wednesday. Military contractor Lockheed Martin climbed 2.1%. Northrop Grumman gained 2.7%.

Investors also worry about the health of global banks following three high-profile failures in the United States and one in Switzerland. Banks have been squeezed by the unexpectedly fast run-up in interest rates, which caused the market prices of bonds on their books to fall.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stock market today: Japan rises on GDP data; rest of region shakyAsian shares were trading mixed Wednesday as Japan's benchmark jumped on the news of solid economic growth data, while the rest of the region was mired in uncertainty.
Sumber: CTVNews - 🏆 1. / 99 Baca lebih lajut »