Stock Market News Today: US stocks fall as traders assess debt ceiling outlook

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

US stocks fall to end the week with a loss as traders assess debt ceiling outlook

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria 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 »

Stock market today: Wall Street mixed as households get more nervousEuropean benchmarks rose Friday after Asian shares mostly declined on looming worries over U.S. banks and lagging demand from China, the region's major driver of growth.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Wall Street slips as households get more nervousEuropean benchmarks are rising after Asian shares finished lower on looming worries over U.S. banks and lagging demand from China, the region’s major driver of growth.
Source: KPRC2 - 🏆 80. / 68 Read more »