Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City.Here are the most important news items that investors need to start their trading day:Investors liked what they heard coming out of debt ceiling negotiations in Washington on Wednesday , if the day's stock market gains are any indication. The Dow surged over 400 points, while the Nasdaq and the S&P 500 each jumped more than 1%.
FollowSpeaker of the House Kevin McCarthy, R-Calif., conducts a news conference with house and senate Republicans on the "debt crisis," on the west plaza of the U.S. Capitol on Wednesday, May 17, 2023.At least President Joe Biden and House Speaker Kevin McCarthy agree on one thing: They think the United States government. Both leaders said as much Wednesday, with just a few weeks to go before the U.S. is set to run out of cash to pay its bills.