Stocks close higher Wednesday, Dow surges 400 points as traders grow optimistic on a debt ceiling deal: Live updates

House Speaker Kevin McCarthy expressed optimism Wednesday that even though negotiations on the debt ceiling face obstacles,"I think at the end of the day we do not have a debt default," he said on CNBC's "Squawk Box." "I think we finally got the president to agree to negotiate."

"The comes a moment in time when you hit the wall," McCarthy said. "You can't continue down this trajectory if you want to continue to be the strongest nation in the world."April housing starts came in line with expectations, at 1.4 million. That's in line with the 1.4 million expected by analysts polled by Dow Jones.A look under the hood in stocks continues to build on the bear case, according to Wolfe Research.

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U.S. stocks finish higher, Dow snaps 5-day losing streak as investors eye debt-ceiling talksU.S. stocks finished higher on Monday, with the Dow Jones Industrial Average snapping a 5-day losing streak, as investors continued to monitor talks about a deal to raise the U.S. debt ceiling. The Dow rose by 47.98 points, or 0.1%, to 33,348.60:
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Dow climbs around 400 points, U.S. stocks end higher after President Biden’s remarks on debt-ceiling debateU.S. stocks ended sharply higher Wednesday, as investors appeared encouraged by President Joe Biden’s remarks concerning the debt-ceiling debate. The Dow Jones Industrial Average closed around 400 points, or 1.2%, higher:
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Stock Market Today: Dow loses ground after Home Depot sales miss; debt-ceiling talks awaitedMarketWatch Live: Stocks dip as Wall St.’s attention turns to debt-limit meeting
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