A person looks at an electronic stock board showing Japan's stock prices at a securities firm Wednesday, May 24, 2023, in Tokyo. – Global stock markets and Wall Street futures fell Wednesday as the U.S. government crept closer to a potentially disruptive default on its debt.Wall Street's benchmark S&P 500 index fell 1.1% on Tuesday after Speaker Kevin McCarthy of the House of Representatives said, “We’re not there yet” on a deal.
In early trading, London's FTSE 100 sank to 7,649.97. The CAC 40 in Paris retreated to 7,264.36 and the DAX in Frankfurt lost 1.3% to 15,936.54.On Tuesday, the Dow dropped 0.7% and the Nasdaq composite lost 1.3%. Republicans in Washington are pressing for cuts in aid to the poor and other spending in exchange for agreeing to raise the amount the government can borrow. Biden has proposed a mix of cuts and higher taxes on the richest Americans, which McCarthy has rejected.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: FoxBusiness - 🏆 458. / 53 Läs mer »
These 2 bullish indicators point to a higher stock market going forwardThese 2 bullish indicators just flashed and point to a higher stock market going forward, research firm says
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »