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Global stocks climb on debt deal hopes | The Malaysian Insight

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Global stocks climb on debt deal hopes

Global stock markets rise yesterday on hopes of progress in negotiations to avert a US debt default. – EPA pic, May 27, 2023.

GLOBAL stock markets advanced yesterday on hopes of progress in negotiations to avert a calamitous US debt default and a continued rally in tech stocks over enthusiasm for firms involved in artificial intelligence. On Wall Street, the broad-based S&P 500 rose 1.3% to 4,205.45, while the Dow Jones Industrial Average posted a more modest 1% gain to finish the week at 33,093.34.

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