US stocks rose on Thursday as the debit limit deal advanced in Congress while investors look ahead to key labor data.
Bipartisan legislation was passed in the House late Wednesday and is now moving to the Senate, easing worries of a destabilizing US default. Meanwhile, the Labor Department will release the May payroll report on Friday, one of the last major pieces of data before the Federal Reserve's next policy meeting on June 13-14. that current interest rates are likely not sufficient to bring down US inflation.
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Stock market news today: Traders watch debt limit bill move through CongressUS stocks fall to start June as traders watch debt ceiling bill move through Congress
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Stock market news today: Investors await completion of debt ceiling dealUS stocks trade mixed after paring gains as investors await completion of debt ceiling deal
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