US stocks rally as Biden, McCarthy offer reassurances on talks | The Malaysian Insight

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US stocks rally as Biden, McCarthy offer reassurances on talks

Wall Street stocks finish solidly higher on Wednesday, shrugging off a mixed session in overseas markets on hopes for an agreement to avert a US debt default. – EPA pic, May 18, 2023.

WALL Street stocks finished solidly higher yesterday, shrugging off a mixed session in overseas markets on hopes for an agreement to avert a US debt default. Although there is still no compromise to lift the nation’s debt ceiling, President Joe Biden said he was “confident” the country would not default, while Republican House Speaker Kevin McCarthy said he was “optimistic about our ability to work together.”

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